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Del Monte Fresh Produce Co

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BUSINESS
February 15, 1996
Mexico About to Sell Del Monte Stake: The government is close to selling all or part of its majority interest in Del Monte Fresh Produce Co., investment bankers said. The government acquired the Coral Gables, Fla.-based fruit and vegetable company last year when it seized the assets of its parent company, Mexico-based Grupo Financiero Union-Cremi.
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BUSINESS
October 16, 2008 | From Bloomberg News
Dole Food Co. and Fresh Del Monte Produce Inc. were fined 60.3 million euros ($82 million) by European Union regulators over claims that the banana importers fixed prices in eight countries from 2000 to 2002. Dole was fined 45.6 million euros and Fresh Del Monte is jointly responsible for a 14.7-million-euro fine along with Internationale Fruchtimport Gesellschaft Weichert & Co., the European Commission said in Brussels. Chiquita Brands International Inc. avoided a penalty of 83.
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BUSINESS
February 3, 2006 | From Associated Press
After 90 years in the islands, Fresh Del Monte Produce Inc. said it would cease pineapple operations in Hawaii in a little more than two years. The company said it was no longer economically feasible to grow pineapple in Hawaii because it can be grown for less in other parts of the world. "It would be cheaper for Del Monte to buy pineapples on the open market than for the company to grow, market and distribute Hawaiian pineapple," the company said Wednesday.
BUSINESS
February 3, 2006 | From Associated Press
After 90 years in the islands, Fresh Del Monte Produce Inc. said it would cease pineapple operations in Hawaii in a little more than two years. The company said it was no longer economically feasible to grow pineapple in Hawaii because it can be grown for less in other parts of the world. "It would be cheaper for Del Monte to buy pineapples on the open market than for the company to grow, market and distribute Hawaiian pineapple," the company said Wednesday.
BUSINESS
October 16, 2008 | From Bloomberg News
Dole Food Co. and Fresh Del Monte Produce Inc. were fined 60.3 million euros ($82 million) by European Union regulators over claims that the banana importers fixed prices in eight countries from 2000 to 2002. Dole was fined 45.6 million euros and Fresh Del Monte is jointly responsible for a 14.7-million-euro fine along with Internationale Fruchtimport Gesellschaft Weichert & Co., the European Commission said in Brussels. Chiquita Brands International Inc. avoided a penalty of 83.
BUSINESS
December 31, 2002 | Courtney Schlisserman, Bloomberg News
Fresh Del Monte Produce Inc. shares fell more than 7% on Monday after a report said two independent directors have resigned. Marvin Bush, a brother of President Bush, and Stephen Way left the company recently, BB&T Capital Markets analyst Heather Jones said. Salvatore Alfiero, chief executive of Protective Industries, and Kathryn Falberg are new additions to the board, Jones added.
BUSINESS
November 4, 1994 | From Reuters
A fugitive Mexican businessman accused of running an insider loan network at the Cremi-Union financial group denied the charges Thursday and vowed to remain at the helm of the bank and Florida-based Del Monte Fresh Produce Co. "I don't intend to relinquish control of either of these companies, as has been maliciously reported," Carlos Cabal Peniche said in an open letter to the Mexican media, his first public response to the charges against him.
BUSINESS
October 3, 2005 | Chris Kraul, Times Staff Writer
Like big goose eggs the color of money, avocados slide down the conveyor belt at Gerardo Perez's packing plant to be sorted, boxed, then loaded onto trucks for the caravan north to the U.S. market. "Business has never been so good," said Perez, co-owner of Avocado Export Co., a modern low-rise packing house dwarfed by surrounding fruit trees.
BUSINESS
December 31, 2002 | Courtney Schlisserman, Bloomberg News
Fresh Del Monte Produce Inc. shares fell more than 7% on Monday after a report said two independent directors have resigned. Marvin Bush, a brother of President Bush, and Stephen Way left the company recently, BB&T Capital Markets analyst Heather Jones said. Salvatore Alfiero, chief executive of Protective Industries, and Kathryn Falberg are new additions to the board, Jones added.
BUSINESS
February 15, 1996
Mexico About to Sell Del Monte Stake: The government is close to selling all or part of its majority interest in Del Monte Fresh Produce Co., investment bankers said. The government acquired the Coral Gables, Fla.-based fruit and vegetable company last year when it seized the assets of its parent company, Mexico-based Grupo Financiero Union-Cremi.
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