Dole Food Co completes Saba acquisition
Jan 4, 2005 8:41 AM, from staff and wire reports
Dole Food Co Inc announced that as of Jan 1, 2005, it has acquired the remaining shares of Saba Trading AB. Dole acquired majority ownership in Saba in 1998. Saba is the leading importer and distributor of fruit, vegetables, and flowers in Scandinavia. The company is headquartered in Stockholm, Sweden; its subsidiaries have operations throughout Scandinavia.
With 2003 revenues of $4.8 billion, Dole Food Co produces and markets fresh fruit, fresh vegetables, and fresh-cut flowers. It markets a line of packaged and frozen foods and is a produce industry leader in nutrition education and research.
