Chiquita completes acquisition of Fresh Express
Chiquita completes acquisition of Fresh Express
Chiquita Brands International Inc., based in Cincinnati, announced June 28 that it has completed its acquisition of the Fresh Express unit of Richmond, VA-based Performance Food Group. The purchase price was $855 million. The deal, which was first announced in February, was supposed to close in April. But citing legal matters involving the conduct of some of its employees, Chiquita announced April 25 that the acquisition would be delayed for up to two months. At the time there was speculation that the deal would fall through, with some in the industry questioning whether Chiquita would be able