Dole supplier awarded Rainforest Alliance certification
Dole Food supplier Huelquen Farms, in Paine, Chile, achieved the Rainforest Alliance certification, the company announced July 26. The farm grows 100 hectares, or around 247 acres, of table grapes under the Westlake Village-based Dole Food label and was successfully audited to the Sustainable Agriculture Network Standard. The Rainforest Alliance is an international nonprofit organization Read More →
Read More →Dubroff: Tri-Counties becoming hot spot for new capital investments
Capital markets have discovered the Tri-Counties in a big way in 2017. This might be a permanent change in the way wealth is created and distributed in the region or a warning sign that markets are close to a peak. On May 23, The Trade Desk, the region’s only IPO of 2016, announced that existing Read More →
Read More →Murdock files for $100 million IPO at Dole Food
Agribusiness giant Dole Food, the tri-county region’s largest private company, filed for an initial public offering of up to $100 million with the Securities and Exchange Commission on April 24. Owner David Murdock, 94, is taking the company public for the third time. He ranks fourth on the Pacific Coast Business Times Region’s Richest list, Read More →
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Senior living facility coming to Carpinteria
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Read More →Dole Foods faces criminal investigation over listeria outbreak
Westlake Village-based Dole Foods is facing a criminal investigation from the U.S. Department of Justice over a listeria outbreak that killed four people. The Wall Street Journal first reported the news April 29. In January, Dole Foods suspended production at its Springfield, Ohio, processing facility and removed products from 23 U.S. states and three Canadian Read More →
Read More →Dole CEO Murdock, ex-president ordered to pay $148M
Dole Food Co. Chief Executive Officer David Murdock and a former executive of the fresh-fruit producer were ordered to pay $148.1 million over allegations they drove down the value of the company so Murdock could take it private on the cheap in a $1.2 billion deal, Bloomberg News reported Aug. 27. Murdock received an “improper Read More →
Read More →Dole investors file suit over CEO’s buyout
Wall Street trusts billionaire David Murdock of Dole Food Co. to repay his debts but doesn’t agree with his valuation logic.
Murdock succeeded in taking the Westlake Village-based firm private on Oct. 31 in a deal that valued the company at more than $1.6 billion when counting net debt, fees and expenses. At the same time, investors clamored to help Murdock take on debt to finance the deal, with a reported order book of more than $10.5 billion for only $300 million in debt.
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