Dole to Buy 2 Firms in European Expansion
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Westlake-based Dole Food Co., in a move to expand into Europe and strengthen its processed food line, has agreed to buy two fruit juice businesses with combined annual sales of $90 million.
Dole, with revenue of $3.4 billion in 1992, did not release the purchase price for Looza Distribution N.V. and Juice Bowl Products Inc.
Looza has production facilities in Belgium and France, and markets juices and nectars throughout Europe under the Looza and Fruvita brands. Juice Bowl, a Florida-based affiliate of Looza, markets single-serving juices sold in cans and bottles.
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