Fresh Express Abandons Proposed Acquisition of Dole’s Packaged Salad Business in Response to Antitrust Division’s Concerns

Summary:

Fresh Express Acquisition LLC, a subsidiary of Chiquita, has abandoned its $308 million acquisition of Dole plc's Fresh Vegetables division due to concerns about competition in the packaged salad market by the US Department of Justice. The deal would have reduced the number of competitors from three to two, potentially leading to higher grocery prices for the 85% of American households that buy packaged salad. The abandonment is seen as preserving lower prices and availability of this essential kitchen staple, according to Assistant Attorney General Jonathan Kanter of the Antitrust Division.