--- description: Chiquita + Fyfffes = Top Banana title: Merger Creates World's Biggest Banana Company image: https://static.time.com/v3/assets/bltea6093859af6183b/blteef3eedfa09b878c/698684a8adae44b979541e05/162211366.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close # Two Rival Banana Firms Merge Into World's Largest Banana Company  by [Dan Kedmey](/author/dan-kedmey/)  ## Dan Kedmey Update your preferences in [Account Settings](/account/preferences/) Close Mar 10, 2014 9:40 AM CUT  Chiquita Brands International Inc. bananas are displayed at a store in Chinatown in San Francisco, California, U.S., on Tuesday, Feb. 19, 2013. Chiquita Brands International Inc. bananas are displayed at a store in Chinatown in San Francisco, California, U.S., on Tuesday, Feb. 19, 2013.David Paul Morris — Bloomberg / Getty Images  by [Dan Kedmey](/author/dan-kedmey/)  ## Dan Kedmey Update your preferences in [Account Settings](/account/preferences/) Close Mar 10, 2014 9:40 AM CUT U.S. banana firm Chiquita will merge with its Irish competitor, Fyffes, in a deal that will create a banana industry behemoth: ChiquitaFyffes. The BBC [reports](http://www.bbc.com/news/business-26511507 "undefined") that the world’s largest banana company will have a valuation of $1 billion and could sell bananas at a rate of 160 million boxes a year. Chiquita CEO Ed Lonergan hailed the deal as “a milestone transaction for Chiquita and Fyffes that brings together the best of both companies.” The company expects the merger to shave costs from the supply chain and extend its global reach. \[[BBC](http://www.bbc.com/news/business-26511507 "undefined")\] ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/17848/two-rival-banana-firms-merge-into-worlds-largest-banana-company/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/17848/two-rival-banana-firms-merge-into-worlds-largest-banana-company/"},"headline":"Two Rival Banana Firms Merge Into World's Largest Banana Company","datePublished":"2014-03-10T09:40:44.000Z","dateModified":"2026-02-21T06:40:21.985Z","description":"Chiquita + Fyfffes = Top Banana","url":"https://time.com/17848/two-rival-banana-firms-merge-into-worlds-largest-banana-company/","keywords":["bananas","merger","valuation","fruit"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blteef3eedfa09b878c/698684a8adae44b979541e05/162211366.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Dan Kedmey","jobTitle":null,"url":"https://time.com/author/dan-kedmey/"}],"articleSection":"World","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blteef3eedfa09b878c/698684a8adae44b979541e05/162211366.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Chiquita Brands International Inc Produce Ahead Of Earns","caption":"Chiquita Brands International Inc Produce Ahead Of Earns","creditText":"David Paul Morris — Bloomberg / Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/17848/two-rival-banana-firms-merge-into-worlds-largest-banana-company/","name":"Two Rival Banana Firms Merge Into World's Largest Banana Company"}}]}] ```