This Slide: #35 of 80 |
Slide #35. 734 Agriculture and Arlon Group — Majority Interest in Alico, Inc.
Acquirer:
734 Agriculture and Arlon Group (NASDAQ:ALCO)
Acquiree:
Majority Interest in Alico, Inc.
Details:
734 Agriculture, LLC and Alico, Inc. (Nasdaq:ALCO) announced today that 734 Agriculture, 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 Company, have entered into definitive agreements under which an affiliate of 734 Agriculture will acquire approximately 50.5 percent of Alico's outstanding voting stock from Atlantic Blue Group, a family owned holding company.
Alico is a holding company. Through its subsidiaries, Co. is an agribusiness and land management company. Co. operates two divisions: Alico Citrus, which owns and manages citrus land in DeSoto, Polk, Collier, Hendry, Charlotte, Highlands, and Hardee Counties in the State of Florida and engages in the cultivation of citrus trees to produce citrus for delivery to the fresh and processed citrus markets; and Land Management and Other Operations, which owns and manages land in Collier, Glades, and Hendry Counties in Florida and is engaged in land leasing for recreational and grazing purposes, conservation, and mining activities.
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