Dole plc sells Ecuador port operations for $75 million
Dole plc completed the sale of its Guayaquil, Ecuador port operations to TIL Switzerland Sàrl for $75 million in net cash proceeds. The deal, originally announced in December 2025, was finalized by Dole's subsidiaries after accounting for transaction costs.
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Dole plc has finalized the sale of its port and port operations in Guayaquil, Ecuador to TIL Switzerland Sàrl, securing approximately $75 million in cash net proceeds. The transaction, completed by certain subsidiaries of Dole, follows agreements initially announced in December 2025. The net proceeds account for costs and customary transaction completion adjustments.
Transaction Details
The divestiture involves the transfer of Dole's port assets and associated operations in Guayaquil. The buyer, TIL Switzerland Sàrl, acquired the facilities as part of the strategic realignment of Dole's portfolio. The $75 million figure represents the final cash amount received after all necessary deductions.
| Transaction Element | Details |
|---|---|
| Buyer | TIL Switzerland Sàrl |
| Asset Sold | Port and port operations in Guayaquil, Ecuador |
| Net Proceeds | $75 million |
| Initial Announcement | December 2025 |
Strategic Context
Dole plc operates as a global leader in fresh produce, growing, marketing, and distributing a wide variety of products sourced locally and internationally. The company serves customers in over 85 countries with a focus on health and sustainability. This sale aligns with the company's ongoing efforts to optimize its operational assets.
How does Dole plan to allocate the $75 million in net proceeds from the sale?
What impact will the divestiture have on Dole's supply chain efficiency in South America?
Are there further asset sales planned as part of Dole's strategic realignment?
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