Dole plc Announces Completion of Sale of Progressive Produce to Arable Capital
March 13 2024 - 4:53PM
Business Wire
Dole plc (NYSE: DOLE) (“Dole”) has today announced that it has
completed the previously announced sale of its 65% equity stake in
Progressive Produce LLC to PTF Holdings, LLC (“PTF Holdings”), the
parent company of Pacific Trellis Fruit, LLC. PTF Holdings is a
portfolio company of Arable Capital Partners, LLC (“Arable”). Dole
has received gross cash proceeds of $120.25 million from this sale.
Additional details of the transaction can be found in a press
release issued on February 27, 2024.
About Dole plc:
A global leader in fresh produce, Dole plc grows, markets, and
distributes an extensive variety of fresh produce sourced locally
and from around the world. Dedicated and passionate in exceeding
our customers’ requirements in over 75 countries, our goal is to
make the world a healthier and a more sustainable place. For more
information visit our website at www.doleplc.com.
About Arable Capital Partners:
Arable Capital Partners is a leader in sustainable food and
agribusiness investing and partners with businesses and owners
across the food value chain. Arable currently has five platform
investments, including Pacific Trellis Fruit, organicgirl, Royal
Ridge Fruits, Blazer Wilkinson Gee and Laurel Ag & Water. For
more information about Arable visit its website at
www.arablecp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240313209228/en/
Investor Contact Dole plc: James O’Regan, Head of
Investor Relations investors@doleplc.com +353 1 887 2794
Media Contact Dole plc: Brian Bell, Ogilvy
brian.bell@ogilvy.com +353 87 2436 130
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