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Entrance façade of the old United Fruit Building at 321 St. Charles Avenue, New Orleans, Louisiana The United Fruit Company (later the United Brands Company) was an American multinational corporation that traded in tropical fruit (primarily bananas) grown on Latin American plantations and sold in the United States and Europe.
United Fruit Company was founded in 1899, when the Boston Fruit Company and various fruit exporting concerns controlled by Keith merged. [8] In 1903, United Fruit Company was listed on the New York Stock Exchange and became the first company to use refrigeration during open sea transport.
In 1913, Zemurray bought back the portion of his company owned by United Fruit, a transaction that was made possible by increasing anti-trust pressure on United Fruit from the United States government. [2] Fully in control of the company, he expanded by buying 20 ships by 1915 that were outfitted with refrigerated holds.
The United Fruit Company was formed on March 30, 1899, the result of a merger between the nearly bankrupt Tropical Trading and Transport Company and Boston Fruit. On its formation, United Fruit
AMK joined the nation's top 500 companies in 1967. In September 1968, Black bought 10% of the outstanding shares of United Fruit on the open market, while outbidding other companies, and gained a controlling interest. [1] In 1970, AMK merged with United Fruit Company, and adopted the name United Brands. Black became chairman, president, and CEO.
It was also the second largest fruit company in the world behind Cuyamel Fruit, which had become United Fruit Company. The company renamed to Standard Fruit Company that year and became public company in 1925, now under the general management of Vicente D'Antoni. [1] [9] In 1925, Standard Fruit operated a fleet of between nine and nineteen ...
In 1975, Cincinnati-based American Financial Group, one of billionaire Carl Lindner, Jr.'s companies, bought into United Fruit Company. In August 1984, Lindner took control of the company and renamed it Chiquita Brands International. In 1989, the Lindner family founded and funded the Cincinnati Hills Christian Academy.
In the early 20th century, American businessman Sam Zemurray (founder of the Cuyamel Fruit Company) was instrumental in establishing the "banana republic" stereotype, when he entered the banana-export business by buying overripe bananas from the United Fruit Company to sell in New Orleans. In 1910, Zemurray bought 6,075 hectares (15,000 acres ...