United Brands Company

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

United Brands Company

 

a food monopoly in the USA. The United Brands Company was formed in 1970 as a result of the merger of the United Fruit Company and the AMK Corporation. In 1976 its sales volume totaled $2.3 billion, of which more than 65 percent was from the sale of meat products and approximately 30 percent was from the sale of bananas; the net profit in the same year was $16.3 million, and the monopoly’s employees numbered 50,000.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
He earlier served on the boards of Chiquita Brands International Inc and Hewitt Associates Inc.
In other news, the company elected Fernando Aguirre, former chairman and CEO of Chiquita Brands International, to its board of directors, effective immediately.
Prior to that, he served for nine years as Executive Vice President, General Counsel and Secretary at Chiquita Brands International, Inc.
Some of the key players in the banana powder market include Chiquita Brands International, Inc., Mevive International, Safety Foods Pvt Ltd, Taj Agro International, Cool Milling Ventures Corporation, Perennial Lifesciences Private Limited, and Banatone Industries among others.
In the 1950s, fearing that newly elected Jacobo Arbenz, an advocate for liberal democracy, would incite the spread of communism, and spurred by lobbying by United Fruit Company (today Chiquita Brands International), the CIA installed a military dictatorship in Guatemala.
Earlier this year, Chiquita Brands International announced that it would acquire its competitor, Fyffes of Ireland, to form Chiquita Fyffes.
Banana seller Chiquita Brands International soared after the company received a $611 million buyout offer.
Chiquita Brands International, based in Charlotte, N.C., partnered with Universal and Illumination Entertainment for the release of "Despicable Me 2" this summer.
This is to confirm that I have resigned from the Board of Directors of Chiquita Brands International, effective Immediately.