Limoneira Company, a diversified citrus packing, sales and marketing company with related agribusiness activities and real estate development operations, announced that effective today it has completed the acquisition of Fruticola San Pablo S.A.’s ranch and related assets in La Serena, Chile.
The San Pablo ranch consists of 3,317 total acres on two parcels, including 247 acres producing lemons, 61 acres producing oranges, the opportunity to immediately plant 120 acres for lemon production, as well as the potential for approximately 500 acres of avocado production.
“We are extremely excited about expanding our citrus assets with the additional of the San Pablo ranch,” commented Harold Edwards, President and Chief Executive Officer. "This acquisition creates additional scale for our Chilean operations and will improve our competitive position globally as a year round supplier of fresh citrus. We continue to work through our pipeline of other potential acquisitions which furthers our One World of Citrus initiative and addresses what we believe is a tremendous long-term growth opportunity.”
John Mills
Tel: +1 646 277 1254