Greenfood sells fresh produce business to Dole

Sweden's Greenfood is selling its caller nutrient concern to the Nordic part of Dole, which besides operates successful effect and vegetables.

Financial presumption of the woody were not disclosed. The transaction is taxable to clearance from contention authorities and is expected to implicit astatine an unspecified constituent successful 2026.

Greenfood said successful a connection yesterday (17 December) that the divestment covers its effect and rootlike wholesale operations, portion its remaining businesses volition beryllium “unaffected”.

Its different concern units are salad-bar conception Picadeli and nutrient solutions, oregon foodservice.

David von Laskowski, CEO of Greenfood, said: "This statement represents an important strategical step. It enables america to absorption adjacent much connected our rapidly-growing concern areas, Picadeli and Food Solutions, wherever we spot important semipermanent imaginable crossed Europe and the US.”

The institution added it expects the transaction to fortify its “strong liquidity position, leverage ratio, arsenic good arsenic maturation and profitability profile”.

In July, Swedish concern steadfast Fidelio acquired Nordic Capital’s bulk involvement successful Greenfood. Fidelio had already held a number stock for astir 15 years.

Greenfood operates successful Europe and the US.

Dole declined to remark connected the transaction erstwhile contacted by Just Food.

Greenfood arsenic a radical delivered third-quarter income of Skr1.45bn ($156m), up 2.9% connected the corresponding 12 months, figures issued successful October showed.

The Fresh Produce concern reported nett income of Skr650.2m, down 2.7% year-on-year.

Operating nett jumped 162.5% to Skr8.4m, portion adjusted EBITDA roseate 18.5% to Skr23.7m.

For the archetypal 9 months, caller nutrient income were comparatively level astatine Skr2.25bn versus Skr2.26bn.

Operating nett much than doubled to Skr36.1m from Skr14.6m, portion adjusted EBITDA improved to Skr78.5m from Skr68m.

"Greenfood sells caller nutrient concern to Dole" was primitively created and published by Just Food, a GlobalData owned brand.

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