Ag Investment Firms Acquire Majority Interest In Alico

Posted by Paul Rusnak|November 22, 2013

Affiliates of 734 Agriculture LLC, a private investment company owned and controlled by Remy W. Trafelet and George R. Brokaw, in partnership with Arlon Group, a global food and agriculture investment firm founded by Continental Grain Co., completed the previously announced acquisition of approximately 50.5% of Ft. Myers, FL-based Alico Inc.’s outstanding voting stock from Atlantic Blue Group, a family owned holding company.

Clay G. Wilson, a third generation citrus grower associated with the citrus industry for more than 28 years, who will serve as CEO of Alico, added, “I look forward to working with Alico’s quality management team to further build upon Alico’s long term success, increase opportunities for growth and improve operating performance to the benefit of all of our shareholders and employees.”

Ken Smith, Alico’s COO, said, “All of us at Alico are very excited about partnering with Clay and our new shareholders and what that partnership will mean for our next phase of growth, as well as the benefits it offers to the Florida citrus industry.”

Source: Alico Inc.