Fyffes and Chiquita to create biggest banana firm
Irish fruit firm Fyffes and US rival Chiquita are to merge to create the world's largest banana company, worth about $1bn (£597m).
The new firm, named ChiquitaFyffes, is expected to sell about 160 million boxes of bananas annually, more than any rival.
"This is a milestone transaction for Chiquita and Fyffes that brings together the best of both companies," said Chiquita boss Ed Lonergan.
Andrew Walker reports.
10 Mar 2014
- From the section Business