Leading European fresh produce company Total Produce has announced it expects to achieve target earnings set previously, despite making a number of major acquisitions since the start of the year.
'Total Produce is pleased to confirm that its previously announced target adjusted earnings per share in the range of €7.00 to €8.00 remains unchanged,' the group said in a statement.
The company has made a number of investments over the past few months, including the completion of a €13m deal to increase its shareholding in South African company Capespan Group.
In March, Total Produce completed the acquisition of 50 per cent of Dutch group Frankort & Koning and its subsidiaries.
More recently, it became a 50 per cent shareholder in a new logistics company formed specifically to take over Flancare (Clonmel) Distribution, a logistics service provider which went into liquidation at the start of May.
A spokesperson for Total Produce confirmed it would continue to be on the look-out for new acquisitions: 'The group continues to pursue attractive acquisition opportunities to further expand.'
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