Dole sells Guayaquil port operations to Terminal Investment Limited for US$75 million
The sale keeps Dole anchored at the Ecuador terminal while the group sharpens its commercial focus and expands its retail reach in Europe.
ECUADOR – Dole plc has agreed to sell its port and port operations in Guayaquil, Ecuador, to Terminal Investment Limited Holding S.A. for US$75 million, marking a strategic shift that allows the fresh produce group to retain access to a key logistics hub while freeing up capital.
Dole said its subsidiaries in Ecuador have entered into agreements that will complete the transaction once conditions are met. The company expects net cash proceeds of about US$75 million after costs and customs adjustments. Dole confirmed it will continue to dock at the terminal for services such as container loading and unloading after the deal closes.
The company shared the update through a press release and noted that the transaction still requires regulatory approval in Ecuador. Dole framed the move as a way to keep operations running smoothly while changing the ownership of the asset.
By keeping access to the terminal, Dole aims to maintain export flows for its bananas, pineapples, and other fresh produce shipped from Ecuador. Guayaquil remains a key gateway for the country’s fruit trade, and continued terminal services help ensure steady movement of goods.
Focus on brand and retail reach
Alongside the port sale, Dole continues to invest in brand growth across Europe. Earlier this month, Dole France rolled out a wide in-store campaign with Intermarché, France’s third-largest food retailer. The effort now reaches shoppers in 834 Intermarché stores across the country.
The company said the partnership strengthens its presence inside a major retail network and helps it connect with more households across Europe, the Middle East, and Africa. Store teams set up fresh displays and clear product messages to support the push.
In a LinkedIn post, the group said: “Enthusiasm for the Dole brand continues to build across the EMEA region, in no small part thanks to the Dole France team, who recently partnered with Intermarché, France’s third-largest food retailer, to deliver a nationwide in-store activation.”
Intermarché plays a central role in French food retail, and the campaign gives Dole France more room to meet new shoppers in a competitive market. The company sees the effort as a way to grow trust and visibility at shelf level.
Dole France traces its roots to 2003 and has seen several shifts over the years. The business first operated as Indigo Fruit, joined Total Produce in 2011, and adopted the Dole France name in 2023 to bring its brands under one identity.
Together, the Guayaquil port sale and the French retail campaign show how Dole balances asset decisions with market-facing growth as it strengthens its global footprint.
Be the first to leave a comment