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Fresco y Mas, a new Hispanic grocery store, opened in Lehigh Acres last week. The store was converted from a Winn Dixie.

Fort Myers News-Press

Fort Myers-based Alico Inc. has snatched up more land for citrus, and says that shows its strong commitment to the industry.

On Monday, the publicly traded company announced it has purchased an additional 3,280 acres of citrus in Hendry County for $16.45 million. 

The land will allow Alico “to add additional scale” to its existing operations, said John Kiernan, the company’s president and CEO, enabling it to continue operating as a “low-cost, high-producing citrus grower.”

“We believe that this latest acquisition continues to demonstrate Alico’s commitment to being a long-term citrus industry leader,” he said.

Related: Florida citrus growers squeezed by rising production costs, lower farm prices

Before the purchase, the agribusiness company already had 45,000 acres of citrus across Florida — in eight