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144 years of US fruit producer Chiquita Brands International del monte teacher monday Irish tropical fruit producer and the world's largest del monte teacher monday banana Fyffes announced that they decided to create a company merger.
1:07 billion dollar merger the new company's name will be chiquitafyffes. del monte teacher monday This company's future than 32 thousand employees and more than 160 million banana boxes is expected to be an annual revenue del monte teacher monday of $ 4.6 million. Center USA Charlotte will have 50.7 percent of the new company Chiquita in the city. Of shares held in a joint statement will be presented to hark on the New York Stock Exchange was also recorded.
The new company will be formed through the merger of the Dole Food Company in the world to become the largest banana supplier. The ceo'lulug of the Company's Chairman of the Board will assume David McCann Fyffes. The Chairman of the Company will make Chiquita's CEO Ed Lonergan.
The new company will be in a position to meet the growing global demand for bananas and transportation improvements will keep more fresh bananas. United banana exports by 7.3 percent in 2012, according to data from the National incremental output rose to 16.5 million tons, the highest level of all time.
But the deal expected to be completed in the coming months of this year may bring competition issues del monte teacher monday on the agenda. More than 80 percent of the global banana trade by the United Nations currently four companies control ediyor- Chiquita, del monte teacher monday Fyffes, Dole and Del Monte Fresh Produce.
Chiquita's historic Lorenzo Dow Baker bought 160 US bunch of bananas in Jamaica them declines in Jersey City until 1870, taking the city sold. Due to the use of the company's ships of the US government during World War II the company's affairs had come almost to bankruptcy.
But when his breakthrough after Chiquita corresponds to the war. The company, through the banana production for the first time under a single brand, del monte teacher monday such as bananas and pineapples "exotic" fruits are offered del monte teacher monday the opportunity for increased customer sales revenue seductive. Chiquita in 1944, singing about the numerous benefits of bananas as a tasty food and health del monte teacher monday choices "Miss Chiquita" introduces the line is a hero. This character and is located in the screen for the song 50 years later.
Chiquita's past history is not undisputed. In 2007 the company, after accepting that he Located protection money to the army in guerrilla warfare in Colombia, the US Justice Department paid $ 25 million penalty. Then Colombia showed the company's most profitable subsidiaries activities. Chiquita's payments made by the group US payments to these groups to the Ministry of Justice is located in the terrorist list was also illegal.
Dublin-based Fyffes also has its own history. Edward Wathen Fyffe, bananas received from the Canary del monte teacher monday Islands in 1888, bringing del monte teacher monday to London to sell. Paste the blue label on all products company in 1929 and put forward the claim to be the world's oldest fruit brand.
Both companies del monte teacher monday until the year 2016. In their statement, del monte teacher monday the merger would provide cost savings of at least $ 40 million, he said. With the exception of bananas chiquitafyffes new statement will be established again melon, pineapple and recorded to obtain a position of power packed salad.
Improvements in delivery will help increase the demand for bananas. Bananas are transported by container ship in a special freezer. del monte teacher monday In the past would remain fresh bananas in this way for up to 20 days, but this time with recent innovations was almost increased more than doubled.
The world's largest container ship, which is a branch of the carrier Møller Maersk, Maersk Container Industry's spokesman Erik Hogh-Sorensen, in his commentary, "New technology means faster spread of the banana trade means," he said.
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