2014-05-28 03:01 AM
HAMBURG, Germany & MARSEILLE, France--(BUSINESS WIRE)--May 27, 2014--Dole Food Company, Inc. and Compagnie Fruitiere Group announce that Dole has sold its minority interest in Compagnie Financiere de Participations, the holding company of Compagnie Fruitiere Group, back to its majority shareholder. Dole and Compagnie Fruitiere have jointly decided that they will better pursue their growth objectives separately in the future.
This transaction puts an end to 21 years of a long and fruitful cooperation but the termination of the partnership at shareholder level does not exclude that both companies may continue to cooperate commercially as supplier or customer to each other if, when and where it would be to their mutual benefit.
About Dole Food Company, Inc.
Dole Food Company, Inc., is one of the world's largest producers and marketers of high-quality fresh fruit and fresh vegetables. Dole is an industry leader in many of the products it sells, as well as in nutrition education and research. www.dole.com or www.dole.eu
About Compagnie Fruitiere
Compagnie Fruitiere is the largest grower of fruit (bananas, pineapple and tomatoes) in the ACP zone and one of the leading fruit operators in Europe. It employs more than 18,000 people in the world. www.compagniefruitiere.fr
CONTACT: In Europe
Dole Fresh Fruit Europe OHG
D- 20097 Hamburg
Tel.:+49 (0)40 32906-0
KEYWORD: EUROPE NORTH AMERICA CANADA FRANCE GERMANY
INDUSTRY KEYWORD: NATURAL RESOURCES AGRICULTURE RETAIL FOOD/BEVERAGE
SOURCE: Dole Food Company, Inc.
Copyright Business Wire 2014
PUB: 05/27/2014 01:08 PM/DISC: 05/27/2014 01:08 PM