Itochu to buy Dole businesses for $1.7 billion

Itochu to buy Dole businesses for $1.7 billion

THE ASSOCIATED PRESS
Published Sep 18, 2012 11:51AM MDT
Tokyo • Japanese trading company Itochu Corp. said Tuesday it has agreed to buy Dole Food Co.’s worldwide packaged foods and Asia fresh produce businesses for $1.7 billion. Dole’s packaged foods business includes products ranging from canned and frozen fruit to bagged salads — product lines that fit with Itochu’s ambitions to become the biggest food distributor in the increasingly affluent Asian market. Westlake Village, California-based Dole had earlier said it was in “advanced negotiations” to...
Copyright 2012 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share this post