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ORANGE-CO, INC. PLEASED WITH BEN HILL GRIFFIN AFFILIATION

 ORANGE-CO, INC. PLEASED WITH BEN HILL GRIFFIN AFFILIATION
 BARTOW, Fla., April 9 /PRNewswire/ -- Orange-co, Inc. (NYSE: OJ) said today that it was pleased with the recent announcement made by Stoneridge Resources, Inc. (NYSE: SRE), the owner of 52.3 percent of Orange-co's outstanding common shares, that it had signed an agreement to sell those shares to Ben Hill Griffin, Inc., a privately owned agribusiness corporation with long-term interests in citrus production and cattle ranching located in Frostproof, Fla.
 Robert A. Peiser, president and chief executive officer of Orange-co, said that "we are pleased with the announcement and welcome the opportunity to be affiliated with the Ben Hill Griffin organization. Having a majority stockholder with a strong background in and knowledge of the citrus industry should be beneficial in building on the momentum that we have developed in the last year."
 Orange-co is a grower and processor of citrus products and a packager and distributor of a growing variety of beverage products principally to institutional foodservice companies.
 -0- 4/9/92
 /CONTACT: Robert A. Peiser of Orange-co, Inc., 813-533-0551/
 (OJ) CO: Orange-co, Inc.; Ben Hill Griffin, Inc.; Stoneridge Resources, Inc. ST: Florida IN: FOD SU:


SM -- DE028 -- 6804 04/09/92 13:05 EDT
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Publication:PR Newswire
Date:Apr 9, 1992
Words:203
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