M&A Deal Summary

Alico Acquires Silver Nip Citrus

On December 3, 2014, Alico acquired food company Silver Nip Citrus for 72M USD

Acquisition Highlights
  • This is Alico’s 2nd transaction in the Food sector.
  • This is Alico’s 3rd largest (disclosed) transaction.
  • This is Alico’s 4th transaction in the United States.
  • This is Alico’s 3rd transaction in Florida.

M&A Deal Summary

Date 2014-12-03
Target Silver Nip Citrus
Sector Food
Buyer(s) Alico
Deal Type Add-on Acquisition
Deal Value 72M USD

Target

Silver Nip Citrus

Frostproof, Florida, United States
Silver Nip Citrus produces citrus products in Florida. The company offers oranges, as well as fresh fruits and juices to various fruit processors. It owns citrus groves located in Central and South Florida.

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Buyer(S) 1

Buyer

Alico

Fort Myers, Florida, United States

Category Company
Founded 1960
Sector Agriculture
Employees194
Revenue 47M USD (2024)
DESCRIPTION

Alico is an agribusiness and land management company built for today's world and known for its legacy of achievement and innovation in citrus, sugar, cattle and resource conservation. Alico owns approximately 130,800 acres of land in five Florida counties (Alachua, Collier, Glades, Hendry, Lee and Polk). Its principal lines of business are citrus groves, improved farmland including sugar cane, cattle ranching and conservation, and other operations which include rock mining. Alico's mission is to create value for its customers, clients and shareholders by managing existing lands to their optimal current income and total returns, opportunistically acquiring new agricultural assets and producing high quality agricultural products while exercising responsible environmental stewardship. Alico was founded in 1960 and is based in Fort Myers, Florida.


DEAL STATS #
Overall 4 of 4
Sector: Food M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Florida M&A 3 of 3
Country: United States M&A 4 of 4
Year: 2014 M&A 4 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 Orange-Co.

Arcadia, Florida, United States

Orange-Co. LP produces and markets citrus fruits in Florida. The Orange-Co assets include approximately 20,263 acres, which comprises one of the largest contiguous citrus grove properties in the state of Florida.

Buy $274M