3rd Oct 2005 12:44
Fyffes PLC03 October 2005 Stock Exchange Announcement Uniban SA and Fyffes plc announce Strategic Alliance Uniban SA, the main banana and plantain export company in Colombia and Fyffesplc, the leading fresh produce company in Europe have entered into a strategicalliance in the United States through a 50/50 ownership in Turbana Corporation,a Florida corporation, the marketing subsidiary of Uniban SA in the UnitedStates. The total consideration paid in cash by Fyffes plc on completion isUS$6 million. The relationship between both companies dates back to over 30 years. TurbanaCorporation markets in excess of 10 million cases of bananas and plantains inthe USA with annual sales close to US$ 100 million. Turbana Corporation, based in Coral Gables Florida has been in business in theUSA and Canada since 1970 selling and marketing bananas, plantains and for abouttwo years pineapples. Commenting on this strategic alliance, Luis Fernando Arango, President ofUniban, stated: "We are pleased to further strengthen our close relationship with Fyffes plcthrough this strategic alliance." Commenting on the strategic alliance, David McCann, Chief Executive of Fyffesplc stated: "We are pleased to have entered into this strategic alliance with Uniban who areFyffes' largest supplier of bananas. Uniban and ourselves intend to further growTurbana's pineapple volumes in the United States". Ends For further information, please contact: Brian Bell, WHPR, Tel: (01) 669 0030 3 October 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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