Charlotte, NC, United States
Charlotte, NC, United States

Chiquita Brands International Inc. is an American producer and distributor of bananas and other produce. The company operates under a number of subsidiary brand names, including the flagship Chiquita brand and Fresh Express salads. Chiquita is the leading distributor of bananas in the United States.Chiquita is the successor to the United Fruit Company. It was formerly controlled by Cincinnati businessman Carl H. Lindner, Jr., whose majority ownership of the company ended when Chiquita Brands International exited a prepackaged Chapter 11 bankruptcy on March 19, 2002. In 2003, the company acquired the German produce distribution company, Atlanta AG. Fresh Express salads was purchased from Performance Food Group in 2005. Chiquita's current headquarters is located in Charlotte, North Carolina.On March 10, 2014, Chiquita Brands International Inc. and Fyffes plc announced that the Boards of Directors of both companies unanimously approved a definitive agreement under which Chiquita will combine with Fyffes, in a stock-for-stock transaction that is expected to result in Chiquita shareholders owning approximately 50.7% of ChiquitaFyffes and Fyffes shareholders owning approximately 49.3% of the proposed ChiquitaFyffes, on a fully diluted basis. The agreement would have created the largest banana producer in the world and would have been domiciled in Ireland. Though an intervening offer by Cutrale and Safra groups of $611 million in August 2014 was rejected by Chiquita, with the company saying it would continue with its merger with Fyffes, on October 24, Chiquita announced that the shareholders at a Company Special Meeting had rejected the merger with Fyffes. Instead the Cutrale-Safra acquisition offer was then accepted by the shareholders. Wikipedia.


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News Article | December 26, 2016
Site: marketersmedia.com

The market research analysts predict the natural and organic food market in the US to grow at a CAGR of over 14% in 2014. The consumer demand for organic products has broadened. Natural and organic food stores and cooperatives are not the only vendors, but mainstream mass market stores and retailers like Tesco, Wal-Mart and Costco now provide organic products such as organic tea, cereals, oats and fats, seasonings like ketchup, spices powder and many others. For more information or any query mail at sales@wiseguyreports.com The US dominates the global organic food market, and Germany and France follow it. US contributes almost 50% to the global market share, primarily because of the increased awareness about healthy lifestyles and healthy food among the US population. Market segmentation by type • Natural food market • Organic food market The natural food segment is expected to dominate the natural and organic food market in the US during the forecast period. An increase in the number of private labels, a limited number of government regulations, and rising natural food retail outlets fosters the growth of this market. Amazon entered the organic retail market with more than 100 organic brands ranging from snacks to oils and beans in 2014. Natural and organic food market segmentation in the US by distribution channel • Mass merchandise • Natural health farms • Online • Others The natural and organic food market in the US was dominated by the mass merchandiser segment in 2014, and it accounted for a market share of approximately 45%-47%. The retail mass merchandisers segment is primarily a mass merchandiser and includes supermarkets, hypermarkets, discount houses, and warehouse clubs. Leading vendors analyzed in the report The other prominent vendors of this market include Albert's Organic, Chiquita Brands International, Dean Foods, Eden Foods, Gardenburger, General Mills, Gerber Products, Heinz, Keurig Green Mountain Natural Value, New Organics, Quaker Oats, Sunopta, Wal-Mart Stores, and Whole Foods. Key questions answered in the report • What are the key factors driving the natural and organic food in the US? • What are the key market trends impacting the growth of the natural and organic food in the US? • What are the various opportunities and threats faced by the vendors in the natural and organic food in the US? • Trending factors influencing the market shares for EMEA, APAC, and Americas? • Key outcome of the five forces analysis on the natural and organic food in the US? • Growth forecast of the natural and organic food in the US until 2019? PART 06: Market segmentation by type • Natural and organic food market in US by type • Organic food market in US • Natural food market in US For more information or any query mail at sales@wiseguyreports.com ABOUT US: Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories. For more information, please visit https://www.wiseguyreports.com


Patent
Chiquita Brands International | Date: 2010-03-12

The invention relates to a ripening and/or storage room for produce, including fruit and/or vegetables, more particularly for bananas, and a method for storing and ripening such produce. The invention relates to the construction of said ripening and/or storage room to achieve substantially symmetrical distribution of the heat across the load stacked in room space during ripening/store periods using reversible air flow through the room.


Patent
Chiquita Brands International | Date: 2014-08-11

A film for wrapping respiring produce is disclosed. The film comprises from about 60% to about 90% of an ethylene vinyl acetate (EVA) mixture which consists of (for example, from about 75% to about 90%) ethylene vinyl acetate and (for example, from about 10% to about 25%) vinyl acetate, with the balance of the film selected from food-safe, EVA-compatible, thermoplastic resins, such as low density polyethylene, linear low density polyethylene, and mixtures of those materials. A bag for storage and shipment of respiring produce, such as bananas, made from that film material, as well as a method for shipping and storing respiring produce, such as bananas, avocados, salad components or flowers, utilizing that bag, are also disclosed.


Patent
Chiquita Brands International | Date: 2014-10-29

Improved produce containers, systems and method for packing and shipping the same, utilize containers that are smaller and have a lower Box Declared Weight than industry-standard banana boxes. The improved system comprises improved containers and an industry-standard sized banana pallet, which allows for a relatively higher weight of bananas to be shipped, while providing effective means to vary ventilation and temperature of the bananas, particularly those that are near the center of the pallet load. The method allows for reduced handling, and as a result, reduced bruising and scarring of bananas, while improving working conditions for those handling the containers.


Patent
Chiquita Brands International | Date: 2012-12-14

The present invention defines an apparatus and a process for vacuum drying fruit or vegetables, particularly tropical fruit, such as bananas, mangos and pineapples, so as to provide an exceptionally sweet and flavorful fruit chip snack product which is substantially free of any additives such as frying oil, preservatives, added sugar and artificial sweeteners. The process is a vacuum drying process and utilizes a drying apparatus in the form of an autoclave which contains within it a stacked platen heat exchanger wherein trays of the fruit to be dried are placed between heated platens in the heat exchanger. The platens are heated using hot water or a hot water/steam mixture and the drying is done in the autoclave under pressure.


Patent
Chiquita Brands International | Date: 2012-12-14

The present invention defines an apparatus and a process for vacuum drying fruit or vegetables, particularly tropical fruit, such as bananas, mangos and pineapples, so as to provide an exceptionally sweet and flavorful fruit chip snack product which is substantially free of any additives such as frying oil, preservatives, added sugar and artificial sweeteners. The process is a vacuum drying process and utilizes a drying apparatus in the form of an autoclave which contains within it a stacked platen heat exchanger wherein trays of the fruit to be dried are placed between heated platens in the heat exchanger. The platens are heated using hot water or a hot water/steam mixture and the drying is done in the autoclave under pressure.


A large scale processing method for separating banana pulp from its peel is disclosed. In this method bananas are separated into two parts (generally in a transverse direction), each part having a tip end and a cut end. A compression force is applied to those banana parts such that the force increases from the tip end to the cut end. A device which implements that process, comprising a cutting device, a means for feeding bananas into the cutting device, and two processing conveyor devices (to apply the compression force to the banana parts), is also disclosed.


Patent
Chiquita Brands International | Date: 2011-06-02

A scrubber for controlling carbon dioxide levels in a shipping container containing respiring produce is disclosed. The scrubber is relatively small, utilizes a gas-selective membrane having a CO_(2)/O_(2 )selectivity ratio greater than 1:1, and fits inside the shipping container (such as a sea van container). In contrast to current methods of controlling CO_(2 )levels in shipping containers, such as the use of hydrated lime, the scrubbers of the present invention are efficient, relatively inexpensive, do not take up shipping space within the container, and do not present handling or disposal issues. A method for controlling the carbon dioxide levels inside a shipping container containing respiring produce, utilizing the carbon dioxide scrubbers defined, is also disclosed.


News Article | May 4, 2015
Site: www.businesswire.com

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) today announced the appointment of Joseph B. Johnson as Senior Vice President and Corporate Controller, effective immediately. Mr. Johnson, age 52, joins Mattel from Chiquita Brands International, Inc., a leading global marketer and distributor of food products, where he served as Vice President, Chief Accounting Officer & Treasurer. Previously, Mr. Johnson held a number of leadership roles with Resolute Forest Products, an international wood and paper products company, including Senior Vice President, Finance and Chief Accounting Officer, Vice President and Corporate Controller and Director of Financial Reporting. Earlier in his career, Mr. Johnson spent nearly 14 years at Ernst & Young LLP. A certified public accountant, Mr. Johnson holds a bachelor’s degree in business administration with an emphasis in accounting from the University of North Florida. Mr. Johnson succeeds Scott Topham, who has elected to retire from Mattel. The Mattel family of companies (NASDAQ: MAT) is the worldwide leader in the design, manufacture and marketing of toys and family products. Mattel’s portfolio of best-selling brands includes Barbie®, the most popular fashion doll ever produced, Hot Wheels®, Monster High®, American Girl®, Thomas & Friends® and Fisher-Price® brands, including Little People® and Power Wheels®, MEGA® Brands, including MEGA BLOKS® and RoseArt®, as well as a wide array of entertainment-inspired toy lines. In 2014, Mattel ranked No. 5 on Corporate Responsibility Magazine's "100 Best Corporate Citizens" list. With worldwide headquarters in El Segundo, Calif., Mattel’s companies employ 31,000 people in 40 countries and territories and sell products in more than 150 nations. At Mattel, we are Creating the Future of Play. Visit us at www.mattel.com, www.facebook.com/mattel or www.twitter.com/mattel.


News Article | August 12, 2013
Site: www.bloomberg.com

It’s not a great time to be in the fresh fruit business. Profit margins are being squeezed, bad weather is a hassle, and growers are increasingly choosing to sell directly to retailers, bypassing a supplier like Dole Food (DOLE). All of which made Dole Chief Executive Officer David Murdock’s offer to take the company private attractive, and today Dole accepted. The purchase price of about $1.6 billion, or $13.50 per share, is about $500 million more than Murdock’s initial offer in June. If it goes through, this will be the second time Murdock has taken the company private. The sale is expected to close by year’s end, assuming no higher bidders emerge. As a result, banana lovers can expect to pay a bit more. Produce peddlers such as Chiquita Brands International (CQB), Fresh Del Monte Produce (FDP), and Dole—the largest U.S. banana supplier—have been skirmishing for market share. Over the past year, prices have dropped about 3 percent industrywide, enough to hurt financial results, says Brett Hundley, a senior analyst with BB&T Capital Markets. “They all blame each other,” he says. “But when one of the largest guys out there is more levered and he’s gone private, we see more room for rational pricing.” In other words, the leverage Murdock is assuming in the deal will press him to boost prices—debt as discipline, as it were. The 90-year-old CEO—a fervent advocate of healthy eating who says he will live to be 125—has been down this road before, paying $2.5 billion 10 years ago for a company that was larger. Dole divested its worldwide packaged foods and Asian fresh food business this spring for $1.7 billion cash, most of which it used to pay down debt. The sold units represented about 38 percent of the company’s revenue, which was $6.8 billion last year. Murdock was reluctantly forced back into the public market in 2009, Hundley says, due to Dole’s heavy debt load, and the company has suffered persistent losses from its fruit businesses, including a deep hit from Southern California strawberry fields that were damaged by extreme weather this year. The company is the second-largest strawberry supplier in the U.S. On a conference call last month announcing another weak quarter, C. Michael Carter, Dole’s president and chief operating officer, explained the structural changes that have pummeled the company. Big retailers are going straight to sourcing countries just as national governments have increased the fruit per box. There’s been a natural squeeze occurring between the retailers who are reluctant to increase price—which we’ve been trying to encourage them to do, on the one hand—and our sourcing countries where minimum pricing is occurring. … We wind up, frankly, competing with some of our own suppliers. And it’s an awkward situation that we find ourselves in. So I think, strategically, the industry is—at least, certainly, the big players—need to find a way to try to deal with that. One way for Dole to deal with it is to keep cutting costs and focus on improving the margins for its fresh fruit, vegetables, and packaged salads businesses with higher prices. This time around, however, Murdock appears to be better capitalized and able to avoid another trip to Wall Street, stock in hand. In 2012, he sold billionaire Larry Ellison the Hawaiian island of Lanai for more than $500 million.

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