CORAL GABLES, Fla.--(EON: Enhanced Online News)--Fresh Del Monte Produce Inc. (NYSE: FDP) today announced that two of its North America subsidiaries acquired approximately 7,200 total acres of agricultural production land, packing houses and farm equipment located in Florida and Virginia.
“We are very excited to expand our vertical integration in our tomato product line with this acquisition in North America”
“We are very excited to expand our vertical integration in our tomato product line with this acquisition in North America,” commented Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer with Fresh Del Monte Produce. “The acquisition of field grown tomato assets in Florida and Virginia complements our state-of-the-art greenhouse operations in Costa Rica and Guatemala, gives us the opportunity to continue to expand our tomato and vegetable product offerings, and enables us to provide our customers with high-quality, locally grown produce, strengthening our competitive position in the tomato industry. This acquisition is further proof of our commitment to our tomato category and expansion of our relationships with third party producers.”
About Fresh Del Monte Produce Inc.
Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa, the Middle East and the countries formerly part of the Soviet Union. Fresh Del Monte markets its products worldwide under the Del Monte® brand, a symbol of product innovation, quality, freshness and reliability for more than 100 years.
This press release contains certain forward-looking statements regarding the intents, beliefs or current expectations of the Company or its officers with respect to various matters. These forward-looking statements are based on information currently available to the Company and the Company assumes no obligation to update these statements. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The Company's actual results may differ materially from those in the forward-looking statements as a result of various important factors, including those described under the caption “Key Information - Risk Factors” in Fresh Del Monte Produce Inc.'s Annual Report on Form 10-K for the year ended December 28, 2012, along with other reports that the Company has on file with the Securities and Exchange Commission.
Note to the Editor: This release and other press releases are available on the Company's web site, www.freshdelmonte.com.