Alico Inc. Closes on Sale of 1,350 Acres of Land in Hendry County, Florida for $1.6 Million.Business Editors LABELLE Labelle' (with the b written in small caps, while the spelling LaBelle exclusively refers to the stage surname of the group's lead vocalist, Patti LaBelle) was an American R&B/soul group, who successfully melded disco with funk and glam rock, resulting in such , Fla.--(BUSINESS WIRE)--March 22, 2001 Ben Hill Griffin III, chairman of Alico Inc. (Nasdaq:ALCO), a LaBelle, Fla. agribusiness agribusiness Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts. company, announced Thursday that the company has closed on a sale of 1,350 acres of land, in Hendry County, Fla. for $1.6 million. The company will recognize a $721 thousand pre-tax gain on the sale of the property, during the second quarter of fiscal 2001. Griffin stated that "the sale is consistent with our policy of selling property that is not contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file. with our other land holdings and non-essential to our operations." Alico Inc. is an agribusiness company, primarily engaged in the production of citrus citrus Any of the plants that make up the genus Citrus, in the rue family, that yield pulpy fruits covered with fairly thick skins. The genus includes the lemon, lime, sweet and sour oranges, tangerine, grapefruit, citron, and shaddock (C. maxima, or C. grandis; also called pomelo). , cattle, sugarcane, sod and forest products. |
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