date:Dec 27, 2012
Japan-based Itochu Corporation has signed an agreement with the Dole Food Company to acquire its fresh produce and packaged foods business.
The transaction will be completed after getting an approval from the competition authorities in the relevant countries and after completing other terms and conditions mentioned in the agreement. Financial details of the transaction has, however, not been divulged.
Following the completion of the acquisition, Itochu will develop and operate new products an