Chiquita to merge with Irish produce company

The Charlotte ObserverMarch 10, 2014 

Charlotte-based Chiquita Brands International is merging with Irish fruit company Fyffes.

MARK HAMES — Charlotte Observer/MCT

Charlotte-based Chiquita Brands International said Monday that it plans to merge with Irish fruit company Fyffes, splitting senior executives between Charlotte and Dublin and creating the world’s largest banana company.

The companies plan to combine in an all-stock deal, with the resulting company to be called ChiquitaFyffes. The deal is slated to close later this year, after approval from shareholders and an Irish court.

Ed Lonergan, the chief executive brought in to turn Chiquita around, will become non-executive chairman of the combined company, while Fyffes CEO David McCann has been named chief executive of ChiquitaFyffes.

The company will be based in Ireland.

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