Chiquita Brands To Buy Irish Rival
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.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.