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Former Lanai Owner Buys Dole

Ninety-year-old billionaire David Murdock sure loves pineapples! As the former owner of Hawaii’s “Pineapple Island” (Lanai), his most recent business endeavor includes buying Dole Foods Co. – a produce company known for its succulent pineapples.

According to news reports, Murdock made a multimillion-dollar deal with shareholders to purchase the world’s largest fresh fruit and vegetable producer. Murdock and some family members already own a portion of Dole shares.

Dole was first established in Hawaii, back in the early 1900s. Shortly thereafter, pineapple production boasted the claim to fame as Hawaii’s second largest industry. Lanai, at one point, had the world’s largest pineapple plantation; hence, the “Pineapple Island” nickname.

Although Dole has spread across the globe, it still has h3 ties to Hawaii. The company owns thousands of acres of Oahu farmland used to grow coffee, cacao and – of course – pineapple. Perhaps this recent buyout by Murdock will put more monies into crops on other islands, too. But whatever happens, lets hope it does not go the GMO route, like many crops taking over Hawaii.

Posted by: Bruce Fisher on Aug 13, 2013