Fresh Del Monte Produce announces that two of its North American subsidiaries acquire approximately 7,200 total acres of agricultural production land, packing houses and farm equipment in Florida and Virginia for its tomato product line
CORAL GABLES, Florida
October 3, 2013
– Fresh Del Monte Produce Inc. (NYSE: FDP) today announced that two of its North America subsidiaries acquired approximately 7,200 total acres of agricultural production land, packing houses and farm equipment located in Florida and Virginia.
“We are very excited to expand our vertical integration in our tomato product line with this acquisition in North America,” commented Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer with Fresh Del Monte Produce. “The acquisition of field grown tomato assets in Florida and Virginia complements our state-of-the-art greenhouse operations in Costa Rica and Guatemala, gives us the opportunity to continue to expand our tomato and vegetable product offerings, and enables us to provide our customers with high-quality, locally grown produce, strengthening our competitive position in the tomato industry. This acquisition is further proof of our commitment to our tomato category and expansion of our relationships with third party producers.”
About Fresh Del Monte Produce Inc.
Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa, the Middle East and the countries formerly part of the Soviet Union. Fresh Del Monte markets its products worldwide under the Del Monte® brand, a symbol of product innovation, quality, freshness and reliability for more than 100 years.
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