Dole sells canned food business to Itochu for $1.7B
Banking & Finance, Latest news, Tri-County Public CompaniesProduce giant Dole Food Co. sold its worldwide canned food business to Japanese conglomerate Itochu Corp. on Tuesday, fetching $1.7 billion and marking the Westlake Village-based firm’s exit from Asia. Proceeds from the all-cash sale, the biggest in Dole history, will be used to pay down debt, Dole said. Tokyo-based Itochu now has exclusive rights Read More →
Dole nears deal with Itochu
Banking & Finance, Latest news, Tri-County Public CompaniesWestlake Village-based Dole Food Co. is closing in on a deal to sell its processed food business and Asian fresh fruit and vegetable businesses to a Japanese trading house. In an unusual move, Dole confirmed market rumors on Sept. 12 that it is in “advanced negotiations” with Itochu Corp. to sell the business units. Reuters Read More →
KEYT sold to Missouri media firm
Latest newsKEYT-TV, the ABC-affiliated television station serving Santa Barbara and San Luis Obispo counties, has been sold to Missouri-based News-Press & Gazette Co., or NPG. Terms of the deal were not disclosed. “We have greatly valued the opportunity to serve the communities of California’s Central Coast,” KEYT’s general manager, Michael Granados, said in a statement. “Fortunately, Read More →
Calavo Q3 profits up 109%
Latest news[wikichart align=”right” ticker=”NASDAQ:CVGW” showannotations=”true” livequote=”true” startdate=”05-03-2012″ enddate=”05-09-2012″ width=”300″ height=”245″] Santa Paula-based Calavo Growers reported Sept. 5 that its third-quarter profits have more than doubled since the same period last year, largely thanks to high avocado volume and good results from its packaged food segment. The avocado marketer and distributor said its earnings for the third Read More →
