Costa Rica Coffee Guide

Fresh Del Monte Gobbles Up Costa Rican Producers

June 13, 2008

Fresh Del Monte Produce Inc. has bought two Costa Rican fruit companies and an affiliated sales and marketing business, according to the fresh-cut fruits and veggies company’s online news bulletin.

Fresh Del Monte gobbled up Caribana, a group consisting of banana producer Desarrollo Agroindustrial de Frutales, pineapple provider Frutas de Exportación and a sales and marketing company, for a cost of $403 million.

“Caribana is a natural fit with Fresh Del Monte. Its products perfectly mirror those we currently offer. This transaction substantially increases Del Monte branded banana and Del Monte Gold Extra Sweet pineapple production for us from Central America,” said Mohammad Abu-Ghazaleh, Fresh Del Monte’s chairman and chief executive officer.

Caribana sells 18 million boxes of bananas annually, and the acquired gold pineapple production is estimated to reach approximately five million boxes per year, according to the bulletin.

With the acquisition, Fresh Del Monte’s property holdings in Costa Rica increase by about 13,000 hectares of farm land.

 

You may be interested

Costa Rica immigration offices to remain closed until October
Costa Rica
5556 views
Costa Rica
5556 views

Costa Rica immigration offices to remain closed until October

Alejandro Zúñiga - September 19, 2020

The Immigration Administration on Friday said its main and regional offices will remain closed until October due to the coronavirus…

Pic of the Day: Hopping into the weekend
Pic of the Day
781 views
Pic of the Day
781 views

Pic of the Day: Hopping into the weekend

Alejandro Zúñiga - September 19, 2020

Happy weekend from all of us at The Tico Times! [caption id="attachment_62085" align="aligncenter" width="740"] (Courtesy of Brian Kubicki)[/caption] [caption id="attachment_111342"…

Top dental clinics in Costa Rica meet patient needs in the age of COVID
Dental Tourism
2505 views
Dental Tourism
2505 views

Top dental clinics in Costa Rica meet patient needs in the age of COVID

Vayolla Quiros / Goodness Dental - September 18, 2020

The Centers for Disease Control and Prevention (CDC) released its guidelines for dental settings in response to the COVID-19 pandemic.…