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Top story Fruit and veg supplier Total Produce has agreed to combine with Dole Food Company to created the largest fresh producer in the world with revenues of almost $10bn (£7.2bn). The two unified businesses will undergo an IPO in the US under the name Dole plc to raise up to $700m in new capital to strengthen the group’s balance sheet. The combination is expected to deliver significant synergies of between $30m and $40m over the medium term thanks to sourcing and supply chain savings. As a result of the increased footprint and brand strength of Dole plc, the new group expected to deepen market penetration, expand into attractive product categories and pursue acquisitions in the industry, according to documents filed on the London Stock Exchange this morning. ....
Ohso Chocolate sells 75% stake in sweet investment deal thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
Investegate |S-Ventures PLC Announcements | S-Ventures PLC: Acquisition of Ohso Chocolate Limited investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.