Dole to sell ripening, distribution businesses
Sept. 20, 2011
by Eric Schroeder
WESTLAKE VILLAGE, CALIF. — Dole Food Co., Inc. has signed an agreement to sell its ripening and distribution businesses in Spain and Portugal to the Compagnie Fruitière Group, in which Dole holds a non-controlling 40% stake. The sale is expected to close in November.
“This transaction is in the direct continuity of previous sales of our ripening and distribution businesses in France and England to Compagnie Fruitière in 2008,” said Johan Linden, president of Dole Europe. “It will allow Dole and Compagnie Fruitière to better serve our Spanish and Portuguese markets, by providing our customers with an extended range of product origins and a more integrated sales policy.”