29 Jan 2019 07:00
Total Produce plc
Dole completes the Sale of Nordic Salad Business
Total Produce, Europe's leading fresh produce company is pleased to announce that Dole Food Company ("Dole"), having now received approval from the European Commission, has completed the sale of Saba Fresh Cuts AB and Saba Fresh Cuts OY to BAMA International.
Saba Fresh Cuts AB, with a production facility in Helsingborg Sweden and Saba Fresh Cuts OY, with a production facility in Espoo Finland, are producers of washed and ready-to-eat salads. BAMA International is headquartered in Oslo, Norway.
The sale of Saba Fresh Cuts AB was a condition of the European Commission's approval of the acquisition by Total Produce of a 45% equity stake in Dole in July 2018.
Dole was advised by investment bank and financial services company Houlihan Lokey, Inc. in this transaction.
29 January 2019
For further information, please contact:
Brian Bell or Peter O'Brien, Wilson Hartnell PRTel: +353-1-669 0030
Ivan Murphy, Davy Corporate FinanceTel: +353-1-679 6363