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Total Produce buys 45 percent stake in Dole Foods

By   /   Friday, February 2nd, 2018  /   Comments Off on Total Produce buys 45 percent stake in Dole Foods

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Two titans in agribusiness are merging. Total Produce, headquartered in Ireland, has purchased a 45 percent ownership stake in Westlake Village-based Dole Foods for $300 million. Dole spent 2017 considering strategies to raise cash and perhaps line up a succession plan for 94-year-old chairman and owner David Murdock who, at an estimated $3 billion net…

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