FOR IMMEDIATE RELEASE
Monday, March 10, 2014
Contact: Colleen Brannan
We congratulate Chiquita and are proud that Charlotte will be a key base of operations for ChiquitaFyffes, the world’s number one producer and distributor of bananas. The merger also opens up new opportunities, markets, and product lines for the company, and we believe Charlotte stands to benefit from today’s news.
Every economic development incentive grant approved by the City and County contains provisions that require the recipient to repay all or a portion of the grant, should it fail to meet the terms of the grant. Based on the most current information, it is not anticipated that this merger will affect the status of the local grants, but City staff will review this further in the coming weeks as more information becomes available.