- Managing Director, UK
- Teelt Specialist Potplanten
- Sales Manager Bio / Netherlands
- Production Manager
- Assistant Professor - Controlled Environments Entomologist
- Technical Development Specialist | Horticulture | France
- Director of Business Development | Middle East | Agtech
- Farm/Production Manager; Berlin (m/w/d)
- Trader Asian Market
- Avocado Growing Manager - Kenya
Top 5 -yesterday
- New report outlines and quantifies catastrophic loss from the tomato brown rugose fruit virus (ToBRFV)
- Taking lettuce production outside of California
- "We use robotics, machine imaging and AI to automate tomato harvesting"
- "Increasing demand for coconut substrate and sustainable cultivation systems with circular fertilizers"
- Indoor grower opens new facility in Kentucky
Top 5 -last week
- “Significantly better results with new Iron fertilizers”
- What is the status of tomato brown rugose fruit virus in Europe?
- Race to emission-free greenhouse cultivation pushes growers to keep innovating
- BASF’s vegetable seeds and IUNU partner to advance digital phenotyping for hydroponic lettuce
- Infarm to make strategy shift, cuts 500 jobs
Top 5 -last month
- UK growers stop planting and put nurseries on sale amidst energy crisis and labor shortage
- "You can't grow on water without lights"
- "High-tech farmer AppHarvest is running out of money"
- German family company switches from tomato cultivation to hydroponic lettuce
- Mobile aeroponic system requires less maintenance and guarantees even irrigation
Will St. Katelijne Waver house the world's largest fruit and vegetable company?
Are Deprez and Murdock about to close a deal?
Earlier this year, it emerged that David H. Murdock, the 94-year-old owner of Dole Foods, had prepared a new IPO for the company. In 2013, the billionaire took the fruit business out of the stock exchange. In response to this announcement, Dole received several bids, as reported by news agency Reuters citing its own sources. One of the bids came from the Belgian Sint Katelijne Waver. The bid from Greenyard on Dole would be the one preferred by Murdock, according to Reuters' sources.
Greenyard confirmed its interest in Dole Foods and has reported in a press release that negotiations are "at an advanced stage." There is no guarantee, however, that a deal will be settled. Should major shareholder Hein Depres (Greenyard) and David H. Murdock (Dole Foods) reach an agreement on the acquisition, a global fruit and vegetable giant would be born with it. Greenyard is firmly based in Europe and is, among other things, a regular supplier of supermarkets like Albert Heijn and Delhaize. Dole Foods, although mostly known in Europe for its bananas and pineapples, has a strong position on the other side of the ocean. According to estimations by various newspapers, this acquisition would create the largest fruit and vegetable company in the world.
Last year, the private company Dole had a turnover of 4.51 billion dollars, but still recorded a loss of 23.7 million dollars. In 2012, the year before Dole was taken off the stock exchange following Murdock's acquisition, the company recorded a loss of $ 144.5 million against a turnover of $ 4.25 billion. The value of Dole Foods is estimated at 2.5 billion dollars, while the market value of Greenyard amounts to around 900 million Euro (1.06 billion dollars).
According to the press release, Greenyard will resort to a "balanced financing mix" to pay for the purchase. The Belgian newspaper De Standaard explains that they are referring to debts and share capital. The newspaper writes that because of the historically low interest rate, it is a good time to make large investments with debts. Banks are said to be willing to back the purchase. In March of this year, Greenyard launched a share buy-back program with the aim of buying 1.75 million shares with a value of 28.6 million Euro within a few months. On the stock exchange in Brussels, the price jumped from 19.63 Euro to 20.25 Euro around 9 o'clock this morning.
If the negotiations fail, Murdock will take the other bids he received into account, reports Reuters. This included bids from investment companies.
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