Dole holds a non-controlling 40% stake in the Compagnie Fruitière Group. The sale is expected to close in November.
Johan Linden, Dole Europe’s president, said: “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. 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.”
Source: Dole Food Company
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