Total Produce, the UK-based fresh produce company, has entered into a binding agreement to acquire a 45% equity stake in banana and pineapple producer Dole Food Company for US$300M (£212.5M).
Fyffes has hailed its merger with Chiquita Brands as "transformative" in a move that creates a multinational with sales of £2.76bn, boosting scale and efficiency for both firms.
Fruit firm SH Pratt has confirmed 86 jobs will go at its Luton plant in Bedfordshire after the loss of a major contract to supply supermarket chain Morrisons.
Fruit importer and ripener SH Pratt has begun a 45-day consultation with staff and trades union GMB over proposals to axe more than 100 jobs at its Luton plant in Bedfordshire.
Better banana quality and lower costs are the driving factors behind Morrisons’ acquisition of its first banana ripening factory, which will create 80 new jobs in Boston, Lincolnshire, says the retailer.
