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| | SignOnSanDiego.com > News > Business -- Chiquita announces plans to buy bagged salad maker Fresh Express |
 | | CINCINNATI – Chiquita Brands International Inc., a leading grower of bananas and fresh-cut fruit, announced Wednesday it is buying Salinas, Calif-based Fresh Express, the nation's top seller of bagged salads, from Performance Food Group Co. for $855 million in cash. |
 | | Chiquita estimates the fresh-cut salad market at $2.7 billion annually and growing, as health- and convenience-minded consumers more frequently buy prewashed and prepackaged salads. |
 | | On Tuesday, Chiquita said it earned $25 million, or 61 cents a share, in the quarter ended Dec. 31, compared with $8 million, or 19 cents a share, in the same period a year ago. |
| www.signonsandiego.com /news/business/20050223-1346-chiquita-freshexpress.html (636 words) |
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