DOLE PUTTING ITS METTLE INTO PETALS.Byline: Gregory J. Wilcox Daily News Staff Writer Continuing its expansion beyond supermarket produce and canned goods aisles, Dole dole, distribution to the poor, usually of food or money. In medieval times doles were usually from bequests of money or land, and the income was given to charity or distributed to the local poor at funerals. Food Co. Inc. said Tuesday it completed the purchase of two floral flo·ral adj. Of, relating to, or suggestive of a flower: a fabric with a floral pattern. flo producers and signed a letter of intent to acquire a third. Tuesday's deals bring to five the number of flower growers Dole has bought since early May at a cost of about $200 million. Dole declined to specify the purchase price of any of the companies. The latest acquisitions are companies with import operations based in Miami and farms located in Colombia. The companies Dole said it bought in the latest round of purchases are: Finesse Farms, an importer, marketer and supplier of rose varieties that gives the Dole a strong presence in the increasingly important rose segment. Four Farmers Inc. and its Latin American production affiliates that specializes in the rapidly growing bouquet bouquet a structure resembling a cluster of flowers. segment. Dole also signed a letter of intent to buy the Clavecol Group of companies, including CCI CCI Chambre de Commerce et d'Industrie (France) CCI CAM (Complementary and Alternative Medicine) Citation Index CCI Chamber of Commerce and Industry (Western Australia) Farms, a major grower, importer and marketer of premium fresh-cut flowers. In May, Dole announced it was buying Miami-based Sunburst Farms Inc. and its affiliates, the biggest importer and marketer of fresh-cut flowers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In a separate transaction, the Westlake Village-based company also bought the Floramerica companies, the largest grower and exporter in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. of fresh-cut flowers for the domestic market. Dole, the world's largest marketer of fresh fruits and vegetables, now has flower-growing operations in Mexico, Colombia and Ecuador. The company, which had 1997 revenues of $4.3 billion, expects the flower business to generate about $200 million in sales annually. Dole spokesman Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs J. Pernice said there is synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. among all the companies involved in the deals. ``Dole grows and shops and markets in similar locations. We have expertise in the same countries that these companies are in. We know the ropes,'' Pernice said. The deal also will put more of the company's products in front of consumers. ``One of the opportunities is to reach further into supermarkets where Dole has existing relationships. And one way or another, Dole Food Co. has a presence in every major supermarket in the United States,'' he said. Dole's stock closed Tuesday at $46.5625, down $0.4375. |
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