Businesses
In 1985, Murdock took over the nearly bankrupt Hawaiian firm Castle & Cooke, which owned pineapple and banana producer Dole Food Company. He developed Castle & Cooke's real estate portfolio into residential and commercial properties and turned Dole into the world's largest producer of fruits and vegetables. Acquiring Dole privately in 2003, Murdock completed a $446 million initial public offering in October 2009 and the company now trades on the New York Stock Exchange under the ticker DOLE.
As a result of his purchase of Castle & Cooke, Murdock acquired ownership of 98% of Lana'i, the sixth largest island in Hawaii. In June 2012, Murdock sold his interest in Lana'i to Larry Ellison.
Murdock owns other companies, including Pacific Clay.
Read more about this topic: David H. Murdock
Famous quotes containing the word businesses:
“One of the first businesses of a sensible man is to know when he is beaten, and to leave off fighting at once.”
—Samuel Butler (1835–1902)