Japan's Itochu seals deal for Dole divisions

12/27/2012 | Food Business Review

Itochu Corp. will acquire Dole Foods' fresh produce and packaged foods business units for an undisclosed amount, in a deal expected to close once the companies win regulatory approvals, the companies said. Dole, whose packaged fruit business spans 90 countries, has partnered with Itochu in Japan for about 50 years.

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