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Total Produce Plc (TOT)

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Monday 17 December, 2018

Total Produce Plc

Dole Agrees the Sale of Nordic Salad Business

RNS Number : 5963K
Total Produce Plc
17 December 2018




Total Produce plc



Dole Agrees the Sale of Nordic Salad Business



Total Produce plc is pleased to announce that Dole Food Company ("Dole") has entered into an agreement to sell Saba Fresh Cuts AB and Saba Fresh Cuts OY to BAMA International which 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.

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.

This transaction is expected to close in Q1 2019 and is subject to approval by the European Commission. Dole was advised by investment bank and financial services company Houlihan Lokey, Inc., in this transaction.


17 December 2018


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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