# Dole plc

Dole plc is an other based in Dublin, Ireland.

## Overview

- **Organization type:** other
- **Headquarters:** Dublin, Ireland
- **Region:** Europe
- **Address:** Dublin, Ireland
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** doleplc.com
- **LinkedIn:** https://www.linkedin.com/company/dole-plc

## Regulatory record

- **Reports private funds:** No

## About

Dole plc took its current form in 2021, when Total Produce — a publicly listed European fresh-produce distributor — acquired Dole Food Company from its then-owner, the late Irish billionaire David Murdock, in a cash-and-stock transaction (per the firm's official communications, 2021). The deal was the culmination of a long commercial relationship: Total Produce had been Dole's largest external shareholder since 2018, and Murdock had already sold a 45% equity stake before the full combination. The resulting entity trades on the New York Stock Exchange under the ticker DOLE, with an operational headquarters in Charlotte, North Carolina, and a registered office in Dublin. The company is a vertically integrated operator across the fresh-produce value chain. Its business spans four segments: Fresh Fruit (bananas and pineapples, its legacy core); Diversified Fresh Produce in Europe, the Middle East, and Africa; Diversified Fresh Produce in the Americas and other regions; and Fresh Vegetables, including packaged salads and prepared foods. Key owned and branded products include Dole bananas and pineapples, Dole Fresh Vegetables, and a portfolio of berry, citrus, and grape offerings distributed primarily in North America and Europe. Unlike a financial sponsor, Dole plc owns and operates farms, cold-storage facilities, shipping assets, and ripening centers directly, making it an operator rather than an allocator. Scale is industrial: Dole plc reported $9.2 billion in revenue for the full year 2023, underscoring its position as one of the world's largest fresh-produce companies by turnover (per the company's annual report, 2024). The firm's asset base includes 110,000 acres of owned land, a fleet of refrigerated container vessels, and 250 processing and distribution facilities worldwide, employing roughly 38,000 people. In March 2024, CEO Rory Byrne announced the sale of the company's 65% stake in Progressive Produce to Arable Capital Partners, netting approximately $120 million, as part of a portfolio-optimization program focused on higher-margin, Dole-branded categories (per the firm, March 2024). Dole plc's structural distinction is its existence as a publicly traded, dual-nationality operating company with no investment mandate for third-party capital. It is not a vehicle for a single family's wealth, nor a multi-family office. Governance follows a standard public-company model with an independent board and SEC-regulated reporting. For allocators searching the Altss universe, the relevant question is whether exposure to agricultural supply chains and perishable-food logistics is accessed through a direct public-equity position in DOLE or through private-market farmland and cold-chain investments — Dole plc operates in the former category, and its role in the ecosystem is as a potential portfolio company, not a potential co-investor.

## Sectors

- AgriTech & FoodTech

## Offices

- Charlotte, NC, United States

## Questions

### Who runs investment decisions at Dole plc?

Dole plc does not have an investment committee in the family-office sense. Capital allocation and M&A decisions are made by executive management — CEO Rory Byrne and CFO Jacinta Devine — under the oversight of a public-company board of directors chaired by Carl McCann. The firm's investment activity consists of organic capital expenditure on farming, logistics, and processing assets, plus bolt-on acquisitions and divestitures within fresh-produce categories.

### Where does Dole plc's value sit as an operating business rather than an investment vehicle?

Dole plc owns and operates tangible assets across the fresh-produce supply chain, including 110,000 acres of farmland, refrigerated shipping and container assets, ripening centers, and cold-storage and processing facilities in over 30 countries. Its 2023 revenue was $9.2 billion (per the company's annual report, 2024). For an allocator, exposure to these assets is gained through public equity, not a direct fund commitment or co-investment.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/dole-plc

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