SINT-KATELIJNE-WAVER, BELGIUM — Greenyard nv on Dec. 19 confirmed that it is in advanced negotiations to acquire Westlake Village, Calif.-based Dole Food Co., Inc. Financial terms were not disclosed.
“At this stage, a definitive agreement has not been reached, and there can be no assurance that these negotiations will culminate in a transaction between the two companies,” Greenyard said. “Greenyard has secured appropriate financing and is confident in its ability to complete the transaction with a balanced financing approach should a definitive agreement be reached. Greenyard will provide further comment related to this potential combination when there is news to share.”
Greenyard offers fresh, frozen and prepared fruits and vegetables. The company has more than 9,000 employees operating in 25 countries.Dole Food Co. is one of the world’s largest producers and marketers of fresh fruit and vegetables. The company was taken private in 2013 in a transaction valued at approximately $1.6 billion.