Dole plc announces completion of sale of progressive produce to arable capital

Dublin--(business wire)--dole plc (nyse: dole) (“dole”) has today announced that it has completed the previously announced sale of its 65% equity stake in progressive produce llc to ptf holdings, llc (“ptf holdings”), the parent company of pacific trellis fruit, llc. ptf holdings is a portfolio company of arable capital partners, llc (“arable”). dole has received gross cash proceeds of $120.25 million from this sale. additional details of the transaction can be found in a press release issued o.
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