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Dole Food Company Inc. announces agreement to acquire capital stock of Wood Holdings Inc.

Dole Food Co. Inc. has announced that it has entered into an agreement to acquire all of the capital stock of the parent of J. R. Wood Inc.

Wood is a leading producer and marketer of a wide range of branded and non-branded frozen fruit products. Wood's Big Valley[R] brand is the number1 frozen fruit brand in the United States and is sold into club stores and food retailers. The transaction is expected to close in the second quarter of 2004, subject to antitrust clearance under the Hart-Scott-Rodino Act.

Thomas Weisel Partners, LLC acted as financial advisers to Wood. Dole Food Co. Inc., with 2003 revenues of $4.8 billion, is the world's largest producer and marketer of high-quality fresh fruit, fresh vegetables and fresh-cut flowers, markets a growing line of packaged foods and is a produce industry leader in nutrition education and research.

For information contact Richard Dahl of Dole Food Co. at 818-879-6803.
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Title Annotation:News Notes
Publication:Frozen Food Digest
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 1, 2004
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