Loading tweets...
Dole, the Ireland-based fruit and vegetable giant, has announced that certain of its subsidiaries have completed the sale of it fresh vegetable business to Og Holdco LLC, the parent company of Organicgirl LLC, a portfolio company of equity fund Arable Capital Partners, for a sale price of $140 million.
The fresh vegetables division has operations related to processing and sale of whole vegetables, with operations in three processing plants across the United States and a workforce of over 3,000 people.
Cark McCann, executive chairman of Dole, commented: “We are pleased to announce the sale of our Fresh Vegetables Division to Arable Capital. A combination with organicgirl will create a strong platform to realize operational efficiencies and expand the overall offering and service to customers and consumers. The completion of this sale represents an important strategic milestone for the Group and will enable us to further concentrate our efforts and investments on our core business activities”.
Source: Dole
