Source: Paramount Citrus

Paramount Citrus announced a major acquisition and addition to its citrus portfolio, rooting its status as the largest vertically integrated provider of Persian limes to North America. The 9,500 acres, in the state of Tabasco, Mexico, is positioned to be sold pursuant to definitive purchase agreement with a group of private landowners. Paramount Citrus is in the process of introducing its farming practices to the properties and will add these volumes of limes into its North American and international channels of distribution.

"With this acquisition, Paramount Citrus will provide customers with a seamless experience in what currently is a very fragmented market," said David Krause, president of Paramount Citrus. "This property makes Paramount Citrus one the largest fully integrated growers and shippers of limes year-round, which is tremendously important to the retail and food service industry in North America."
 
Read more