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Friday, January 30, 2009

Dole Won’t Bring You Flowers Anymore


The produce giant has sold its flower division, until now the biggest importer of flowers to North America.


image

Dole Fresh Flowers, offices and distribution center

Miami, Florida

Photo: Tilt-Up

Dole, which has been the largest importer of flowers to North America and the largest producer of cut flowers in Latin America, has sold its flower interests. 

AP reports that the combined sales of Dole Fresh Flowers, some of its banana plantations, and additional real estate in North America will net $130 million “to pay down debt or to reinvest in the business.” As yet we’ve found no more information about why Dole chose to sell its immense international flower interests, how much the company gained from its flower division alone, or who its buyer(s) are. As always, we welcome those in the know to post comments (sources that prefer anonymity can contact us via .(JavaScript must be enabled to view this email address)).

 

 

 



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Posted by Julie on 01/30 at 03:22 PM
Cut-Flower TradePoliticsPermalink