Fresh food group Fyffes is to buy an 80% stake in Internationale Fruchtimport Gesellschaft Weichert & Co for $30m in cash from US-based Del Monte Fresh Produce.
The Weichert family will own the remaining 20% of Hamburg-based Inter, which has been an importer and distributor of bananas, pineapples and other fresh fruit and produce into northern and central Europe for over 50 years.
To December 31 2001, Inter had turnover of 137m euros and profit before tax of 4m euros.
The Weichert family will own the remaining 20% of Hamburg-based Inter, which has been an importer and distributor of bananas, pineapples and other fresh fruit and produce into northern and central Europe for over 50 years.
To December 31 2001, Inter had turnover of 137m euros and profit before tax of 4m euros.
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