Greenyard in advanced talks to acquire Dole Food Company

Greenyard executive chairman Hein Deprez

Greenyard executive chairman Hein Deprez

Greenyard has announced this morning that it is in advanced negotiations to acquire Dole Food Company, Inc, the world’s largest fruit and vegetable producer.

A statement from the company says that at this stage, a definitive agreement has not been reached, and there can be no assurance that these negotiations will culminate in a transaction between the two companies.

However, Greenyard adds that is has secured appropriate financing, and “is confident in its ability to complete the transaction with a balanced financing approach should a definitive agreement be reached.”

“Greenyard will provide further comment related to this potential combination when there is news to share,” the statement concludes.

Greenyard is half-owned by the family of Belgian entrepreneur Hein Deprez following a deal earlier this year.

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