Philippine food and beverage giant San Miguel Corporation confirmed it has expressed interest in taking over operations of global agro-industrial company Dole Food Co., in the Philippines and in other Asian countries as part of its core business expansion.
Ramon Ang, SMC President and Chief Executive Officer said:
"San Miguel is interested in Dole Philippines, but it is willing to consider Dole’s other units within the region"
San Miguel used to own a minority stake in Dole’s rival, Del Monte Pacific Ltd., but sold out to partner group of condiments magnate Jose Campos Jr., two years ago.
Dole Philippines Inc. has a 24,000-acre base plantation, two cannery complexes with a can plant, a packaging plant and fresh fruit packaging plant in Mindanao with shipping and wharf operations. Dole also has 18,000 acres of grower farms in South Cotabato and Sarangani.
Dole employs almost 6,000 regular employees with product lines including canned pineapple solids, canned mixed fruits, canned beverages, packaged fruit snacks and tomato sauce.
Dole Philippines has a division that produces and exports cavendish bananas to Japan, Korea, China, Hong Kong, New Zealand and the Middle East, controlling a third of the Philippines’s banana industry in terms of plantation size and volume of shipment throughout Asia-Pacific.
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