Acquisitions strengthen Fresh Del Monte Produce's position
Acquisitions strengthen Fresh Del Monte Produce's position
In a move that strengthens its position as one of the leading worldwide fresh produce companies, Fresh Del Monte Produce Inc. in Coral Gables, FL, has acquired the shares of Desarollo Agroindustrial de Frutales S.A., a producer of high-quality bananas in Costa Rica; the shares of Frutas de Exportacion S.A., a major provider of gold pineapples in Costa Rica; and the shares of an affiliated sales and marketing company, collectively known as Caribana.
The acquisition cost was $403 million.