And then there were 3: Chiquita buys Fyffes - The Packer

And then there were 3: Chiquita buys Fyffes

03/10/2014 08:20:00 AM
Coral Beach

“We believe we will be able to use our joint expertise, complementary assets and geographic coverage to develop a business that can run smoothly and efficiently to better partner with our customers and suppliers,” McCann, Fyffes executive chairman, said in the release.

The ChiquitaFyffes senior leadership includes Tom Murphy, chief financial officer; Coen Bos, chief operating officer for fresh fruit; Brian Kocher, chief operating officer for salads and healthy snacks; Kevin Holland, chief administrative officer; James Thompson, chief legal officer; and Manuel Rodriguez, corporate responsibility officer.

The senior executives will be based in Charlotte and Dublin. The combined company’s board of directors will have an equal combination of directors from both companies and one mutually agreed upon director, according to the release.

Benefits of the merger, according to the release are:

  • Synergies, including improvements in logistics and procurement;
  • Expanded sourcing in key production areas with about 60,000 acres of owned or leased operations in Central America; and
  • Environmental and social responsibility commitments, including additional organic, Fairtrade, GlobalG.A.P. and Rainforest Alliance certified capacity.

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