Total Produce eyes more buys on the back of their earnings growth

Irish fruit distributor Total Produce remains on the lookout for more acquisitions on the back of stronger-than-expected annual earnings.

The Dublin company is the former general produce arm of Fyffes. It has also increased its investment in Canadian produce group Oppenheimer. The €28.4m spend on another 30% of Oppenheimer takes Total’s stake to 65% and its investment in the company to €43.4m.

As a result, Total Produce has around a 1% share of the north American produce market and a growing international presence.