Dole completes sale of processed food business

Dole Food Company has completed the sale of it global packaged foods and Asia fresh businesses to ITOCHU Corporation of Japan for $1.7 billion in cash.  The transaction will include rights to the Dole name in certain packaged food products worldwide and some fresh produce in Asia, Australia and New Zealand.

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Itochu in talks for Dole’s Asian operation

Japanese trading major Itochu has disclosed that it is in advanced talks with Dole Food over the purchase of the American company’s processed foods business and Asian fruit and vegetable operation.