Produce giant Fyffes is “actively” looking for acquisitions to boost its core businesses of bananas, pineapples and melons.
The Ireland-based group held its AGM today (9 May) and, ahead of the meeting, said it was “reviewing a number of development opportunities” to grow the business.
Go deeper with GlobalData
A spokesperson told just-food Fyffes was looking to “build all of their businesses” through organic growth and M&A.
The spokesperson said Fyffes wanted to “continue to be number one in bananas” and believed there was “potential” to boost the profitability of its pineapples business, which is “low” at present.
Fyffes maintained its targets for earnings in 2013 including EBITDA of EUR36-42m (US$47.2-55.1m) and adjusted earnings per share of 7.5-9.2 cent.
