Total Produce
{{use dmy dates|date=July 2023}}
{{use Hiberno-English|date=July 2023}}
{{Infobox company
| name = Total Produce plc
| logo = Total_Produce_logo.svg
| foundation = 2006
| defunct = {{End date|2021}}
| fate = Merged
| successor = Dole Food Company
| location = Dundalk, County Louth
| key_people = Carl McCann (Chairman)
Rory Byrne (CEO)
| revenue = € 3,729.3 million (2019){{cite web|url=https://investors.totalproduce.com/~/media/Files/T/Total-Produce-IR/documents/financial-report/2020/2019-preliminary-results.pdf|title=Preliminary Results 2010|publisher=Total Produce|accessdate=12 April 2020}}
| operating_income = € 82.3 million (2019)
| net_income = € 66.2 million (2019)
| num_employees = 6,005 (2019)
| industry = Fresh produce
| homepage = {{URL|https://www.totalproduce.com}}
}}
Total Produce plc was an Irish producer of fresh produce. It was formed from the demerger of a division of Fyffes and listed on the Irish Stock Exchange and the London Stock Exchange. It bought into and then merged with another major food producer, Dole.
History
The company was established by way of a demerger of the fresh produce business of Fyffes in 2006.[http://www.finfacts.com/irelandbusinessnews/publish/article_10008538.shtml Fyffes spin-off Total Produce begins trading on Dublin and London Stock Exchanges] Fin Facts, 2 January 2007 It secured listings on the Irish Stock Exchange in Dublin and the Alternative Investment Market in London in 2007. It bought a 60% stake in two Dutch fresh produce distributors, Haluco and Nedalpac, in 2008.[http://www.growthbusiness.co.uk/news-and-market-deals/mergers-and-acquisitions/639661/total-produce-goes-bananas-for-deals.thtml Total Produce goes bananas for deals] Growth Business, 1 September 2008
In February 2018, Total Produce acquired a 45 percent equity stake in Dole Food Company.{{cite web|url=https://www.thepacker.com/article/updated-total-produce-buy-45-stake-dole-food |title=UPDATED: Total Produce to buy 45% stake in Dole Food |publisher=Packer |date=1 February 2018|accessdate=19 December 2018}} For antitrust reasons, Total Produce agreed to divest Saba Fresh Cuts in Sweden and Finland to Bama Gruppen.{{cite web|url=https://www.independent.ie/business/irish/dole-sells-off-nordic-arm-to-meet-eu-conditions-37635910.html|title=Dole sells off Nordic arm to meet EU conditions|date=18 December 2018|accessdate=19 December 2018}}
On 30 July 2021, Total Produce plc merged with Dole Food Company, Inc under the new name "Dole plc."{{Cite web|title=Dole plc completes acquisition, sets price of IPO – Produce Blue Book|url=https://www.producebluebook.com/2021/07/30/dole-plc-completes-acquisition-sets-price-of-ipo/|access-date=2021-07-30|language=en-US}}
Produce
The company's range includes deciduous fruits, tropical fruits, citrus fruits, salads, stone fruits and vegetables.[http://www.totalproduce.com/range.php Total Produce: Our range]
References
{{reflist}}
External links
- {{official|https://www.totalproduce.com}}
{{authority control}}
Category:Food and drink companies established in 2006
Category:Food companies of the Republic of Ireland
Category:Irish companies established in 2006
Category:Irish companies disestablished in 2021
Category:2021 mergers and acquisitions