Stock Report: Chiquita Brands International Inc. (CQB) Report Updated: May 13, 2013 | Print This Page

Chiquita Brands International, Inc., together with its subsidiaries, markets and distributes bananas and fresh produce under the Chiquita and other brand names worldwide. It operates through three segments: Bananas, Salads and Healthy Snacks, and Other Produce. The Bananas segment engages in sourcing, transporting, marketing, and distributing bananas to retail customers and wholesalers. The Salads and Healthy Snacks segment offers packaged ready-to-eat salads under the Fresh Express and other labels; fresh vegetable and fruit ingredients used in foodservice; healthy snacks, including Chiquita Fruit Bites, a single-serve fruit snacks under the Chiquita brand name; and processed fruit ingredient products. This segment distributes approximately 170 retail value-added salad products to food retailers and approximately 35 healthy snacking products. It also sells fresh-cut produce, such as lettuce, tomatoes, spinach, cabbage, and onions to foodservice distributors who resell these products to foodservice operators, primarily quick-service restaurants. In addition, this segment is involved in purchasing, processing, packaging, and distributing various fresh-cut apples, pineapples, carrots, and other fresh produce products. It distributes approximately 80 fresh produce foodservice offerings, primarily to third-party distributors for resale to quick-service restaurants located in the U.S. The Other Produce segment engages in marketing and distributing fresh fruit and vegetables other than bananas, primarily pineapples, grapes, and avocados in Europe and North America. The company was founded in 1899 and is headquartered in Cincinnati, Ohio.