Natural resources company Alico Inc. (Nasdaq: ALCO) has purchased two Florida citrus producers and intends to close a deal for another in the first quarter of 2015.

The three companies that were purchased include Orange-Co LP, Gator Grove and 734 Citrus Holdings LLC, which does business as Silver Nip Citrus. Based on 2014 performance, Alico's adjusted Ebitda is expected to increase from $21 million to roughly $58 million.

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