Dole Foods expands into functional foods, targets US$2.1B valuation in IPO

US – Dole Packaged Foods has expanded into the increasingly popular functional food products category  with the launch of Dole Fruitify juices and Dole Essentials fruit bowls. Fruitify with 65% juice and less than 100 calories per can has three varieties that combine pineapple juice with ingredients such as turmeric, green tea extract and coconut water.   Dole Essentials fruit bowls are, on the other hand, available in three varieties that mix chunks of pineapple, mandarin oranges, or mixed fruit in 100% fruit juice with ingredients such as cucumber and mint, turmeric, and green tea extract.   Both Dole Fruitify juices and Essentials fruit bowls have no added sugar, helping…

Read More

Total Produce, Dole Foods merge to consolidate leadership position in fresh produce market

IRELAND – American agricultural multinational corporation Dole Foods has agreed to merge with Ireland-based fresh produce distributor Total Produce in a deal that consolidates Dole Foods’ leadership position in the fresh produce market. The new combined company operating under the Dole brand will be incorporated in Ireland, with its global headquarters in Dublin, but listed in the US. It hopes to raise US$500-US$700 million by way of a public flotation in the US later this year, possibly as early as June. The move will also see Total Produce de-list from…

Read More