M&A Deal Summary

Itochu Acquires Dole Food - Worldwide Packaged Foods and Asia Fresh Produce Businesses

On April 1, 2013, Itochu acquired food company Dole Food - Worldwide Packaged Foods and Asia Fresh Produce Businesses from Dole Food Company for 1.7B USD

Acquisition Highlights
  • This is Itochu’s 2nd transaction in the Food sector.
  • This is Itochu’s 2nd largest (disclosed) transaction.
  • This is Itochu’s 1st transaction in Japan.

M&A Deal Summary
Date 2013-04-01
Target Dole Food - Worldwide Packaged Foods and Asia Fresh Produce Businesses
Sector Food
Buyer(s) Itochu
Sellers(s) Dole Food Company
Deal Type Divestiture
Deal Value 1.7B USD

Target

Dole Food - Worldwide Packaged Foods and Asia Fresh Produce Businesses

Japan
Dole Food - Worldwide Packaged Foods and Asia Fresh Produce Businesses produces canned pineapple, canned pineapple juice, fruit juice concentrate, fruit in plastic cups, jars and pouches, fruit parfaits, snack foods, and frozen fruits.

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Buyer(S) 1

Buyer

Itochu

Tokyo, Japan
Category Company
Founded 1858
Sector Business Services
Employees128,146
Revenue 14.03T JPY (2024)
DESCRIPTION
ITOCHU's corporate headquarters in Tokyo, Japan.
ITOCHU's corporate headquarters in Tokyo, Japan.

Itochu is a prominent multinational trading company operating in various industries worldwide. With a diverse portfolio, the company engages in the sales, import, and export of an extensive range of products and services. Its offerings span sectors such as textiles, machinery, metals, energy, chemicals, food, and general merchandise. It caters to a broad customer base comprising retailers, wholesalers, manufacturers, and businesses across different sectors, providing them with high-quality goods and facilitating global trade through its extensive network and expertise. Itochu was founded in 1858 and is based in Tokyo, Japan.

DEAL STATS #
Overall 7 of 27
Sector (Food) 2 of 2
Type (Divestiture) 1 of 1
Country (Japan) 1 of 10
Year (2013) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-23 Samson Investment

Tulsa, Oklahoma, United States

Samson Investment Company is a privately-held independent exploration and production company.

Buy $7.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-19 Amethyst Group

Warwick, United Kingdom

Amethyst Group Ltd. is a 3rd party logistics provider offering warehousing and distribution services to manufacturers, wholesalers and distributors, retailers, etc. Amethyst Group is based in Warwick, United Kingdom.

Sell -

Seller(S) 1

SELLER

Dole Food Company

Westlake Village, California, United States
Category Company
Founded 1851
Sector Food
Employees34,800
Revenue 4.5B USD (2017)
DESCRIPTION

Dole Food Company, Inc. engages in sourcing, growing, processing, marketing, and distributing fresh fruits and vegetables to wholesale, retail, and institutional customers; and other food product companies.

DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Divestiture) 3 of 3
Country (Japan) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 May Food Manufacturing

Carson, California, United States

Mrs. May's Naturals, Inc, a company committed to providing consumers with wholesome snacks for a healthier lifestyle. Company was created to bring consumers natural, wholesome snack alternatives to junk food. With product offerings like fruit and nut based clusters, bars and freeze-dried fruit.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Total Produce

Dublin, Ireland

Total Produce is a distributor and marketer of fresh fruits, vegetables and flowers. Total Produce is based in Dublin, Ireland.

Buy -
Mergr

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