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Content: The World's Largest Banana Company
Chiquita and Fyffes have agreed to work together and become the world's largest banana company. English Online 
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The World's Largest Banana Company
The two biggest bananacompanies of the world , US-based Chiquita and Fyffes of  Ireland have agreed to work together and become the largest supplier of  bananas. The new company , called Chiquita Fyffes will have its headquarters in  the US but will work out of Dublin because of tax reasons. The new banana  company is worth one billion dollars on the world's stock  exchanges will sell products worth over $4 billion a year. Each  partner will hold about half of the shares. Chiquita Fyffes is  expected to trade 16 billion bananas every year, about 14% of  the world's banana market. According  to spokesmen of  both companies the aim of the merger is to  save over 40 million dollars in costs. Apart from bananas the new company also  deals with pineapples and other fruits. It will have a total of over 32,000 employees. Fyffes was founded in  1929 and rose to become Europe's largest importer of bananas.