Allegro parent company Total Produce plc announces intention to acquire 100% Dole and re-list on US stock exchange

Total Produce plc. is pleased to announce that it has entered into a transaction agreement to combine with Dole Food Company Inc. under a newly created U.S. listed company Dole plc. The newly formed company will be the global #1 in fresh produce with estimated combined 2020 revenue of approximately US$9.7 billion, adjusted EBITDA of approximately US$379 million and total assets of approximately US$4.5 billion. Dole plc. will be incorporated in Ireland, with its Global Headquarters in Dublin, Ireland. Its headquarters for the Americas will be in Charlotte, North Carolina. The transaction is expected to complete in late Q2 or Q3 this year.