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Total Produce Plc (TOT)

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Tuesday 29 January, 2019

Total Produce Plc

Dole completes Sale of Nordic Salad Business

RNS Number : 3328O
Total Produce Plc
29 January 2019
 



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 PR
Tel: +353-1-669 0030

 

Ivan Murphy, Davy Corporate Finance
Tel:  +353-1-679 6363


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