Agriculture: Paramount Citrus Corners Limes Market

Paramount Citrus has corned the lime market with a purchase of 9,500 acres of lime groves in Tabasco, Mexico. The purchase will make the company the largest vertically integrated provider of Persian limes to North America.

David Krause, President of Paramount Citrus explained:

“With this acquisition, Paramount Citrus will provide customers with a seamless experience in what currently is a very fragmented market. This property makes Paramount Citrus one the largest fully integrated growers and shippers of limes year-round, which is tremendously important to the retail and food service industry in North America.”

In 2008 Paramount Citrus acquired 6,000 acres of existing lemon properties in the vicinity of Victoria, Mexico. Since then, Paramount has added offices, packing facilities and irrigation systems to its current Mexican operation and in 2011 will open a 100,000 square foot, state-of-the-art packing facility.

Within the last three years, Paramount has become the largest fresh lemon producer in Mexico. It is also in the process of planting an additional 2,000 acres of limes on its current properties.

Paramount Citrus, owned by Roll Global, is the largest integrated grower, shipper and packer of fresh citrus – Clementine mandarins, Navel oranges, Valencia oranges, lemons, limes and other citrus varieties – in the U.S. More than 15 million cartons from more than 41,500 acres of fresh citrus from its groves are shipped annually throughout North American, Europe, Asia, and the Pacific Rim, and processed from its facilities in the San Joaquin Valley and Mexico.


In This Story: Mexico

Mexico is a country in the southern portion of North America. It is the most populous Spanish-speaking nation. Mexico City is its capital city and largest metropolis.

Mexico became an independent nation state after the successful Mexican War of Independence against Spain in 1821.

Mexico is a developing country, but has the world’s 15th-largest economy by nominal GDP and the 11th-largest by PPP, with the United States being its largest economic partner. Since 2006, a conflict between the government and drug trafficking syndicates has led to over 120,000 deaths.

Mexico receives a significant number of tourists every year; in 2018, it was the 6th most-visited country in the world, with 39 million international arrivals.

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