Dole sells worldwide packaged foods and Asia businesses
Dole Food Co. has agreed to sell its worldwide packaged foods and Asia fresh produce businesses to Itochu Corporation of Tokyo, Japan for $1.685 billion.
Dole Food Co., the company that traces its roots to Hawai'i and is one of the world's largest producers of fruits and vegetables, has lost half its value since billionaire David Murdock purchased the company six years ago in a transaction valued at $2.5 billion.