date:Feb 25, 2013
The new Dole will have a smaller footprint as a commodity produce company with overall revenue in the $4.2 billion range with two lines of business: fresh fruit and fresh vegetables, said David H. Murdock, chairman of Dole.
Itochu will have exclusive rights to the Dole trademark on packaged food products worldwide and on fresh produce in Asia, Australia and New Zealand.
As part of the agreement, David A. DeLorenzo, president and chief executive officer of Dole, will assume a full-time position