World's Biggest Banana Firm Is Born
Chiquita, Fyffes merge
By Newser Editors and Wire Services
Posted Mar 10, 2014 11:29 AM CDT
Chiquita bananas are on display at a grocery store in Bainbridge, Ohio, in this Aug. 3, 2005 file photo.   (AP Photo/Amy Sancetta, File)

(Newser) – Yes, they have more bananas: Fruit supply companies Chiquita of the United States and Fyffes of Ireland announced today they had agreed to merge to create the world's biggest banana supplier. The two companies said the merger would create a banana behemoth that ships more than 160 million crates worldwide, about a quarter more than either of their main rivals, Dole and Del Monte. ChiquitaFyffes, which will be headquartered in Dublin, also would become the world's No. 3 distributor of pineapples and melons.

Fyffes is Europe's biggest banana importer and the oldest industry brand, dating to 1929. David McCann, Fyffes' chairman, will become chief executive officer of the combined company, while the chief executive of Chiquita, Ed Lonergan, will become its chairman. However, shoppers used to seeing bananas bearing the bold blue stickers of Chiquita or Fyffes aren't expected to notice any difference there. The two brands are staying separate. The deal requires shareholder and regulatory approval in Ireland and the US.

Copyright 2016 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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Showing 3 of 9 comments
Eco_101
Mar 12, 2014 9:18 AM CDT
Wait ! I tought the bigest banana was the USA ?
Ezekiel 25:17
Mar 12, 2014 6:03 AM CDT
I'm totally off bananas per advice of the doctor. Seems today's variety have been developed with a high content of fructose. I noticed how different they are from what I remember as a kid just 30 years ago. Its such an issue that our local zoo is no longer giving them to animals such as the simian population. That group now gets plantains as they are still way more healthier for them and humans.
HANKHILL
Mar 11, 2014 9:26 PM CDT
the wallmart of the banana world!