Chiquita's Fresh Express purchases Dole's fresh vegetables division
Chiquita's Fresh Express purchases Dole's fresh vegetables division
Dole plc announced that certain of its subsidiaries have entered into a definitive agreement to sell the Dole Fresh Vegetables Division to an affiliate of Fresh Express Inc., a wholly owned subsidiary of Chiquita Holdings Ltd., for gross proceeds of approximately $293 million in cash, subject to certain adjustments.
The Fresh Vegetables Division comprises operations related to the processing and sale of whole produce such as Iceberg, Romaine, leaf lettuces, cauliflower, broccoli, celery, asparagus, artichokes, green onions, sprouts, radishes and cabbage, as well as salads and meal kits. In