GFM Network News


Tropical fruit giant buys Canada’s top mushroom firm

A major worldwide distributor and marketer of bananas, pineapples and melons is making a move into the mushroom business, by buying Canada’s biggest player. Fyffes, whose products are sold in Canada and the U.S. under the Fyffes, Turbana, Sol and Fresh Quest labels, on Friday announced it has paid $145 million for all equity in […] Read more

Cutrale-Safra wins takeover battle for fruit producer Chiquita

Sao Paulo | Reuters — Chiquita Brands International agreed on Monday to a US$682 million takeover by Brazilian juice maker Grupo Cutrale and investment firm Safra Group, with the U.S.-based banana producer going private early next year at the latest. The acquisition is a victory for Brazilian-Lebanese financier Joseph Safra and orange juice baron Jose […] Read more