Total Produce (T7O.I, TOT ID)

  • 535.2
  • 387.8
  • 82.7
  • TOTAL PRODUCE

    Closing Price (c): 138.0

  • RATING 14/05/10

  • PREVIOUS RATING 30/06/09

    NEUTRAL

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Company Profile

Total Produce is a specialist B2B fresh produce distributor, operating from 148 facilities across 26 countries with leading market positions in Ireland, the UK, Spain and Northern Europe. It also has operations in North America and India. Since its demerger from Fyffes in 2007, Total Produce's strategy has been to broaden its revenue base via acquisitions. Its recent minority investment in Dole is transformational and represents a coming of age for its regional consolidation model, providing significant runway for future earnings and value growth. The fresh produce sector is quite fragmented - the growth opportunity for Total Produce is to be a consolidator in this fragmented sector.


Major Shareholders%
Balken Investment Co 12.6
GMT Capital Corp 8.9
Franklin Templeton8.6
FMR Corp 5.0
TIAA-CREF Investment Mgmt 4.2