Japan's Itochu agrees to buy Dole food assets

Japan

The Japanese conglomerate has signed a deal to buy the US produce giant's global packaged food and Asian fresh assets for US$1.7bn.

On the money: Disposals give "flexibility" for growth, says Dole

19 September 2012

Dole Food Co. has said the sale of its global packaged food and Asian fresh businesses to Itochu Corp. will cut its debt and allow it more "flexibility" to look at growth opportunities.

US/JAPAN: Dole strikes deal to sell assets to Itochu

18 September 2012

US produce group Dole Food Co. has sold its global packaged food and Asian fresh businesses to Japanese conglomerate Itochu Corp. for US$1.7bn.

In the spotlight: China a factor in Itochu interest in Dole

14 September 2012

A chunk of Dole Food Co.'s business could end up in the hands of one of Japan's largest trading houses it was announced this week - and China appears to be central to the potential deal.

US/JAPAN: Dole in talks to sell packaged food arm to Itochu

13 September 2012

US food group Dole Food Co. has admitted it is in talks to sell two units, including its packaged food arm, to Japanese conglomerate Itochu Corp.

US: Dole mulls packaged food disposal

20 July 2012

Dole Food Co. has admitted it is considering selling its global packaged foods business and could complete the move by the end of the year.

US: Produce group Dole mulls spin offs

4 May 2012

US produce giant Dole Food Co. is looking at potentially spinning off one or more of its businesses.

US: Produce supplier Dole swings to FY profit

16 March 2012

US fresh produce giant Dole Food Co. moved back into profit in 2011 thanks, in part, to cost control, higher sales and improved earnings from its fresh fruit and vegetable divisions.

US: Falling banana profits hit Dole earnings

15 March 2011

Lower profits from bananas and fresh pineapples hit Dole Food Co.'s earnings in the company's last financial year, the US firm has revealed.

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Japan's Itochu agrees to buy Dole food assets

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