Dole has announced that certain of its subsidiaries have entered into a definitive agreement to sell its Fresh Vegetables Division to an affiliate of Fresh Express Incorporated a wholly owned subsidiary of Chiquita Holdings Limited for gross proceeds of approximately $293 million in cash, subject to certain adjustments.

The Fresh Vegetables Division comprises operations related to the processing and sale of whole produce. In the financial year ended December 31, 2021, the Fresh Vegetables Division reported revenue of $1.28 billion. The business has agricultural operations and four processing plants across the United States and employs more than 3,000 people.