Dole Food Company Completes Sale Of Nordic Salad Business
Total Produce has announced that Dole Food Company has completed the sale of Saba Fresh Cuts AB and Saba Fresh Cuts OY to BAMA International.
The deal has been approved by the European Commission.
In December of last year, Dole Food Company announced its decision to sell the two businesses.
Saba Fresh Cuts AB operates from its production facility in Helsingborg in Sweden, while Saba Fresh Cuts OY is based in Espoo in Finland.
Both companies are producers of washed and ready-to-eat salads.
BAMA International is Norway's largest distributor of fruit and vegetables.
Investment bank and financial services company Houlihan Lokey, Inc. were advisors for this transaction.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.