Total Produce -- which comprises the general produce and distribution business which was demerged from Fyffes on December 30, 2006 -- commenced its operations officially Monday with net debts of €10 million.
Carl McCann said: “Our ambition is to enhance shareholder value through a combination of organic growth and by continuing to pursue acquisitions of companies in the general produce and distribution sector.”
The Fyffes group recorded turnover of 1.7bn and operating profits of €32m in the year ended December 31 2005, up from a turnover of €1.5bn and operating profits of €30m in the prior year.
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