Total Produce completes sale of Nordic salad business
Fruit and veg company has sold Saba Fresh Cuts to an Oslo-headquartered company
Total Produce chairman Carl McCann. Photograph: Alan Betson
Total Produce, completed the sale of its Nordic salad business to Bama International, a subsidiary of Norway’s largest distributor of fruit and veg, Bama Gruppen.
The sale of Saba Fresh Cuts AB was a condition of the European Commission’s approval of Total Produce’s acquisition of a stake in Dole, which closed in July 2018.
The purchase of the stake in Dole cost the Irish company $300 million (€262 million). Total Produce is expected to exercise its right to purchase all the shares in US-based Dole Food Company within five years.