Acquisition of Chiquita completed

Wednesday, 07 January 2015

After Chiquita shareholders voted to reject a proposed $1.07 billion merger with Irish food company Fyffes, they agreed last October to be acquired by the Brazilian orange-juice maker Cutrale Group and its investment-firm partner Safra Group for $742 million. The Brazilian companies completed their acquisition of Chiquita Brands International on January 6, taking the banana producer private. They haven’t said where Chiquita will be headquartered.