Dole Food has taken control of 100% of JP Fruit with the purchase of the 65% stake the company did not already hold from Jamaica Producers Group. The purchase price was US$41.9m in cash.
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JP Fruit imports and sells fresh produce in the UK.
Benoit Galland, president of Dole Europe, said: “This acquisition permits Dole to strengthen its penetration of the vital market for fresh produce in the United Kingdom and the Republic of Ireland, a market that traditionally values quality.
“As we grow this business, Dole’s tradition of top quality produce and exceptional service will complement JPFD’s reputation for quality and service to its customers. We will work with our customers throughout Europe to develop the geographical synergies arising from this widening of the existing Dole network in Europe. We are pleased to welcome the JPFD team to Dole.”
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