The transaction brings together two leading fresh produce companies with complementary market positions in various product segments and geographies.
Total Produce, a European fresh produce company, entered into a binding agreement to acquire a 45% equity stake in Dole Food Co., a Westlake Village, Calif.-based producer and marketer of high-quality fresh fruit and vegetables to retail, wholesale and foodservice customers worldwide.
The transaction brings together two leading fresh produce companies with complementary market positions in various product segments and geographies, and represents a significant step in the history of Total Produce and a continuation of its expansion strategy.