Total Produce (T7O.I, TOT ID)
Dole plc is the global leader in the fresh produce market, with US$10bn of revenues sold across 80 countries. The business offers retail customers a full basket portfolio of over 300 products, including access to the iconic Dole brand. Dole operates a vertically integrated operating model, with asset ownership across the supply chain, including 109,000 acres of farmland, 16 owned vessels, 5 salad manufacturing plants, 12 cold storage facilities, 75 pack houses and 162 distribution and manufacturing facilities. The enterprise was formed in 2021 following the combination of Total Produce and Dole Foods and the related NYSE IPO and US$400m equity raise. The group has a strong track record of growth and value creation, with the merger offering multiple growth and synergy opportunities over the medium term. A well-capitalised balance sheet will enable both organic and acquisitive growth in the attractive and defensive fresh produce market.
|Balken Investment Co||12.6|
|BDL Capital Mgmt||6.2|
|Impax Asset Mgmt||3.8|
|Pentwater Capital Management||3.6|