Total Produce (T7O.I, TOT ID)

  • 752.4
  • 387.8
  • 82.7
  • TOTAL PRODUCE

    Closing Price (c): 194.0

  • RATING 14/05/10

  • PREVIOUS RATING 30/06/09

    NEUTRAL

Analyst

Research

Company Profile

Total Produce is a fresh produce distributor, operating out of 100 facilities across 20 countries with leading market positions in Ireland, UK, Spain and Northern Europe. It also has operations in India and North America. Since its demerger from Fyffes in 2007, Total Produce's strategy has been to broaden its revenue base with small bolt-on acquisitions. The fresh produce sector is quite fragmented; we believe that Total Produce's market share is still less than 5% in Europe. 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 4.7
Investor Group3.3