Your Source for NPR News & Music

Chiquita Brands To Buy Irish Rival

Your browser doesn’t support HTML5 audio

RENEE MONTAGNE, HOST:

NPR's business news begins with a soon-to-be top banana.

(SOUNDBITE OF MUSIC)

MONTAGNE: An American company long synonymous with bananas is merging with an Irish rival to create the world's biggest banana company. The new company will be called ChiquitaFyffes, and it's expected to have annual sales of $4.6 billion.

A Chiquita executive tell The Wall Street Journal that ChiquitaFyffes will be able to offer customers, quote, "a more diverse product mix and choice." The deal is also expected to save money at a time when the cost of producing fruit is on the rise. Transcript provided by NPR, Copyright NPR.

  • Facebook
  • Twitter
  • LinkedIn
  • Email
Related Stories
  1. Texas charging another large group of migrants with “riot participation”
  2. El Pasoans catch glimpse of solar eclipse
  3. Texas criminally charges more than 200 migrants involved in alleged “riot” at the border
  4. Lebanese migrant allegedly tied to terrorist group appears in federal court with a black eye