[19 December/Food Navigator]

Belgian vegetable processor, Greenyard Foods, has confirmed that it is in talks over a potential acquisition of the Dole Food Company and while no deal has been finalised the company noted it has secured appropriate financing and is confident in its ability to finalise the transaction. If the deal completes it will result in the formation of a company with combined revenues of around EUR8 billion. Greenyard has operations in 25 countries and annual sales of EUR4.25 billion while Dole reported revenue of about USD4.5 billion and a transaction would extend the reach of the group away from its European core into North America. Dole is one of the world’s largest suppliers of pineapples and bananas.