Total Produce sticking to full year earnings targetsWednesday 22 May 2013 18.41
Fresh produce company Total Produce has said it is sticking to its earnings target of 8 to 8.8 cent per share for this year.
In a statement this morning, the company said that since the end of the year, it has agreed a deal to buy a 65% stake in the Oppenheimer Group, in two stages over five years.
The Oppenheimer Group sells fresh produce throughout the US and Canada with last reported sales of €410m. It operates from 13 locations in the US and Canada.
The company also completed the sale of its 25.3% shareholding in Capespan Group Limited to Zeder Financial Services Limited for €22m in April.
''Total Produce continues to pursue attractive acquisition opportunities to further expand the group,'' the statement concluded.