UNIVEG completes purchase of Chiquita business

by FoodBusinessNews.net Staff
Share This:

CINCINNATI — Chiquita Brands International, Inc. has completed the sale of its German distribution business, Atlanta AG, to UNIVEG Fruit and Vegetables BV for about €65 million ($92 million).

The companies also entered an agreement through which Atlanta will continue to be Chiquita’s preferred supplier of banana ripening and distribution services in Germany, Austria and Denmark.

Chiquita believes the sale and entry into the agreement will result in a gain and one-time tax benefit.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.








The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.