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Fresh Produce

Fresh Del Monte Sees Benefits From Move To Becoming A 'Value-Added' Company, CEO Says

By Steve Wynne-Jones
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Fresh produce giant Fresh Del Monte is posting higher profits thanks to its "strategic shift" to becoming a more diversified, value-added business, its chairman and chief executive has said.

Mohammad Abu-Ghazaleh was commenting following the publication of the group's fourth quarter and full-year results, which saw the business post net sales for the full year of $4.49 billion and gross profit of $300.6 million (up from $279.8 million the previous year).

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