Dole Food Company, Inc. #2635

Created at
2013-06-18
Last update
2013-06-18

0 Parents (Involvements as child)

2 Children (Involvements as parent)

ID
37587
Name
Dole Lanka (Pvt) Ltd.
Country of registration/origin
Sri Lanka
Classification
Private company
Relationship
Subsidiary company
ID
38027
Name
Dole Philippines Inc. (DOLEFIL)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Comment
Divestment – sold Asia assets for $1.7B to Itochu Corporation Dole Food Co. (US) was the owner of Dolefil until 2013. Chairman David Murdock agreed to sell Dole’s Asia fresh fruit and canning operations to Itochu. Post-sale, Dole Food (now Dole Plc) no longer has ownership in Dole Philippines. (This sale injected funds into Dole Food and transferred the entire Philippine venture to Itochu). Thus Dole Food’s role is historical; it built the initial plantations but is no longer an investor in the current project.