Dole announces sale of Progressive Produce

Dole has today (28 February) announced that it has reached an agreement to sell its 65 per cent equity stake in Progressive Produce to PTF Holdings, the parent company of Pacific Trellis Fruit and a portfolio company of Arable Capital Partners.

Dole said that it would receive gross cash proceeds of US$120.25m from the sale of the Los Angeles-based group.

Progressive

More. Go to the article

Fruitnet.com

Eurofruit is a leading magazine for buyers and suppliers of fresh produce in Europe and the Middle East. Its global network of editors, reporters, and correspondents, publishing ten issues per year and daily online news, provides international fruit and vegetable trade with the latest information and analysis, covering innovations in all areas of the industry.