Total Produce Explained

Total Produce plc
Foundation:2006
Fate:Merged
Successor:Dole Food Company
Location:Dundalk, County Louth
Key People:Carl McCann (Chairman)
Rory Byrne (CEO)
Revenue: 3,729.3 million (2019)[1]
Operating Income: 82.3 million (2019)
Net Income: 66.2 million (2019)
Num Employees:6,005 (2019)
Industry:Fresh produce

Total Produce plc was an Irish producer of fresh produce. It was formed from the demerger of a division of Fyffes and listed on the Irish Stock Exchange and the London Stock Exchange. It bought into and then merged with another major food producer, Dole.

History

The company was established by way of a demerger of the fresh produce business of Fyffes in 2006.[2] It secured listings on the Irish Stock Exchange in Dublin and the Alternative Investment Market in London in 2007.[2] It bought a 60% stake in two Dutch fresh produce distributors, Haluco and Nedalpac, in 2008.[3]

In February 2018, Total Produce acquired a 45 percent equity stake in Dole Food Company.[4] For antitrust reasons, Total Produce agreed to divest Saba Fresh Cuts in Sweden and Finland to Bama Gruppen.[5]

On 30 July 2021, Total Produce plc merged with Dole Food Company, Inc under the new name "Dole plc."[6]

Produce

The company's range includes deciduous fruits, tropical fruits, citrus fruits, salads, stone fruits and vegetables.[7]

Notes and References

  1. Web site: Preliminary Results 2010. Total Produce. 12 April 2020.
  2. http://www.finfacts.com/irelandbusinessnews/publish/article_10008538.shtml Fyffes spin-off Total Produce begins trading on Dublin and London Stock Exchanges
  3. http://www.growthbusiness.co.uk/news-and-market-deals/mergers-and-acquisitions/639661/total-produce-goes-bananas-for-deals.thtml Total Produce goes bananas for deals
  4. Web site: UPDATED: Total Produce to buy 45% stake in Dole Food . Packer . 1 February 2018. 19 December 2018.
  5. Web site: Dole sells off Nordic arm to meet EU conditions. 18 December 2018. 19 December 2018.
  6. Web site: Dole plc completes acquisition, sets price of IPO – Produce Blue Book. 2021-07-30. en-US.
  7. http://www.totalproduce.com/range.php Total Produce: Our range