Dole completes sale of Nordic salad business

January 29 , 2019

U.S.-based Dole Food Company has completed the sale of its Nordic salad business - Saba Fresh Cuts AB and Saba Fresh Cuts OY - to BAMA International following approval from the European Commission.

Saba Fresh Cuts AB, with a production facility in Helsingborg Sweden and Saba Fresh Cuts OY, with a production facility in Espoo Finland, are producers of ready-to-eat salads.

The sale of Saba Fresh Cuts AB was a condition of the European Commission’s approval of the acquisition by Ireland-based Total Produce of a 45% equity stake in Dole in July 2018.

Dole was advised by investment bank and financial services company Houlihan Lokey in this transaction.