Dole Food Co. has bought a 25% stake in Swedish fruit business Green Vision.
The US-based group secured the shareholding through local subsidiary Saba Fresh Cuts for an undisclosed sum.
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Green Vision produces fresh-cut fruit and fruit salads in Sweden and Finland and has a production facility near Stockholm. The company has a turnover of around SEK30m (US$4.2m) a year.
“Within Dole Europe, Saba Fresh Cuts has experienced a real development in recent years. Now through its participation in Green Vision, the division wants to extend its expertise and offer an access to a larger range of fresh-cut produce to its retail and foodservice customers,” said Stefan Grahn, MD at Saba Fresh Cuts.
Erik Bolmgren, one of the founders of Green Vision, said the tie-up with Saba Fresh Cuts would help his business develop outside Sweden.
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