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New Deal


Announced

Chiquita-backed Fresh Express to acquire the fresh vegetables division from Dole for $293m.

Financials

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Transaction Value£236m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

fresh vegetables

Majority

Single Bidder

Acquisition

Fruit and Grain Processing

Private

United States

Domestic

Pending

Synopsis

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Chiquita-backed Fresh Express, a supplier of packaged salads and fresh-cut fruits, agreed to acquire the fresh vegetables division from Dole, a provider of fresh produce, for $293m. "With this transaction, we want to combine our best practises across food safety, freshness of produce, mechanisation, automation, and innovation to offer rapidly expanding choices of safer and healthier produce products to the consumer. This combination will ultimately help drive growth in the entire produce industry and support higher demand for our valued produce grower base in California, Arizona, Colorado, Florida and across the entire USA," Jose Luis Cutrale Jr., Chiquita Chairman.

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