Wonderful Citrus, a mandarin company which sells under the brand Wonderful Halos, announced it has purchased Florida’s largest citrus marketer and exporter, DNE World Fruit.

Wonderful Citrus is owned by Los Angeles billionaires Lynda and Stewart Resnick

The purchase of DNE World Fruit, DNE International and the assets of World Pack Cold Storage, a division of DNE Imports, makes Wonderful Citrus the No. 1 importer of counter-seasonal citrus products in the U.S., and also doubles the company’s grapefruit position, according to a news release.

“The addition of DNE and World Pack to the Wonderful Citrus family significantly enhances our ability to serve customers year round with a variety of fresh citrus offerings,” said David Krause, president of Wonderful Citrus, in a statement. “We’re thrilled that this makes us the top grapefruit distributor in America and allows us to serve as the exclusive marketer for all of DNE’s Florida citrus.”

“Wonderful Citrus is a well-respected leader within the fresh citrus industry,” said Greg Nelson, president of DNE World Fruit. “The opportunity to significantly expand our sales reach and access new markets was a very attractive part of this deal. We look forward to teaming up with Wonderful to better leverage our collective strengths in the global citrus marketplace.”

source: thebusinessjournal.com