Sector News

Dole Food Company sells Fresh Cuts units in Sweden and Finland

December 14, 2018
Food & Drink

Dole Food Company has announced it has sold its Saba Fresh Cuts AB and Saba Fresh Cuts OY subsidiaries to Bama International.

Saba Fresh Cuts AB, with a production facility in Helsingborg, Sweden, and Saba Fresh Cuts OY, with a production site in Espoo, Finland, are producers of ready-to-eat salads.

The companies prepare and sell various fresh-cut salads and vegetables to the retail and foodservice industry in Sweden, Denmark, Finland, Germany and the Baltic states.

The sale of Saba Fresh Cuts AB was a necessary condition of the European Commission’s approval of the investment by Total Produce into Dole in July 2018.

“I am very pleased with the outcome of this sale in meeting the EU’s requirement,” said Johan Linden, president and CEO of Dole Food Company. “I am confident that Saba Fresh Cuts will be in good hands under Bama’s ownership.”

Bama Group CEO Rune Flaen said: “We are pleased to announce this agreement with Dole for Saba Fresh Cuts. Convenience products and ready-to-eat salads and vegetables is a fast-growing category in all markets, and Saba Fresh Cuts is a solid and very professional player, with a strong organisation and high-quality products. We look forward to working together.”

Dole said the transaction is expected to close in the first quarter of 2019.

Earlier this year, Ireland-based fresh produce distributor Total Produce acquired a 45% stake in Dole Foods Company for €242 million. Total Produce purchased the shares from Dole chairman David Murdock, who previously owned 100% of the company.

Source: FoodBev

comments closed

Related News

June 24, 2022

Carlsberg announces resignation of CFO Heine Dalsgaard

Food & Drink

Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.

June 24, 2022

Kellogg to split into three companies, focus on snacks

Food & Drink

Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.

June 24, 2022

Mondelēz to buy energy bar company Clif Bar for $2.9bn

Food & Drink

The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.