Dole plc Announces Mutual Termination of Agreement With Fresh Express for the Sale of its Fresh Vegetables Division



Dole plc Announces Mutual Termination of Agreement With Fresh Express for the Sale of its Fresh Vegetables Division



DUBLIN - At the beginning of last year, AndNowUKnow relayed the news that Dole plc would be selling its Fresh Vegetables Division to Fresh Express. Now, more updates have come to light regarding the acquisition. Dole plc recently announced that the company and Fresh Express have formed a mutual agreement to terminate the previously announced deal.

This termination is the result of the United States Department of Justice’s (DOJ) decision that it will pursue litigation to prevent the transaction, Dole explained in a recent press release.

Dole plc recently unveiled a mutual agreement with Fresh Express to terminate their previously announced acquisition deal

“While Dole strongly disagrees with the Department of Justice’s decision and continues to believe that the transaction was pro-competitive and would have unlocked ongoing benefits to customers and consumers, we remain confident that we will have an alternative path forward in the near term that is in the best interests of the Fresh Vegetables Division’s employees, customers, and partners, and the Dole plc shareholders,” the company wrote in the release.

Packaged salad represents $3.2 billion in spending by grocers and their customers each year, according to the U.S. Department of Justice. To read the DOJ’s statement regarding the previously formed agreement, click here.

Stay tuned as ANUK continues to cover the latest industry news.



Companies in this Story


Dole

Founded in Hawaii in 1851, Dole Food Company, Inc., with 2010 revenues of 6.9B, is the world's largest producer and…


Fresh Express

The Fresh Express story begins way back in the Roaring Twenties. It was at that time that our founder, a California…