Tuesday, June 2, 2009

Ireland: Fyffes expands pineapple operations

Fruit and vegetable importer Fyffes has bought a pineapple plantation and other related assets in Panama in Central America in a deal worth around $8m.

Fyffes is buying the assets from Agroindustries Golden West (GOPA). The operation covers around 450 hectares.

Fyffes says that, combined with its existing pineapple farms in Costa Rica, it expects to be the direct producer of around 50% of the pineapples it markets in 2010.
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The cost of the deal includes debt acquired and deferred payments.


Source: rte.ie

Publication date: 5/12/2009

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