Cincinnati fruit giant to buy salad-in-a-bag company
Chiquita Brands International Incorporated says today it will pay $855 million to buy the Fresh Express bagged salad line from Performance Group Company.
The cash deal gives Chiquita the top-selling brand of packaged salads in the country, with a 40 percent share of the market and a billion dollars in annual revenue. Chiquita's announcement comes a day after the Cincinnati fruit giant announced it had tripled its profits in the fourth quarter. Chiquita already was the world's largest producer of bananas and other produce.