Dole Plc Announces Completion Of The Acquisition Of Total Produce Plc And Dfc Holdings, Llc
Jul 30, 2021•almost 4 years ago
Acquiring Company
Dole
Acquired Company
Total Produce plc
Description
The board of Dole plc (the “Company”) announces that the mandatory share exchange arrangement was implemented on July 29, 2021. As a result of the implementation, Dole plc acquired the entire issued share capital of Total Produce plc in exchange for the issue of new shares in the Company to the Total Produce Shareholders.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed