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Dole company history timeline

1851

Castle & Cooke was started in 1851 by two former mission secular agents, Samuel Northrup Castle and Amos Starr Cooke.

Founded in Hawaii in 1851, Dole Food is one of the world’s largest producers and marketers of high-quality fresh fruit and fresh vegetables.

1858

Cooke and Castle set up business to sell wholesale goods, and in 1858 the pair entered the food business, investing in Hawaii's sugar industry.

1889

On November 16, 1889, the Oahu Railway and Land Company (OR&L) began operating on Hawai`i's third largest island, Oahu.

1894

The business continued to grow, and in 1894 the company was incorporated as Castle & Cooke Co., Inc.

1899

Meanwhile, James Drummond Dole came to Hawaii in 1899, after graduating from Harvard.

1901

The other half of Dole’s corporate heritage, the Hawaiian Pineapple Company, was founded in 1901 by James Dole, who opened his first pineapple plantation in the central plateau of the Hawaiian island of Oahu.

1903

In 1903 he successfully shipped and sold 2,000 cases of canned pineapple.

1910

The Mainstreaming of Pineapple in the United States: 1910-30

1911

In 1911 engineer Henry Ginaca, an employee of the Hawaiian Pineapple Company, invented a machine that could process 100 pineapple cylinders a minute.

1918

Toward the end of World War I, in 1918, Dole’s Hawaiian Pineapple Company was producing one million cases annually and had gained a reputation as the largest processor of pineapples in the world.

1922

During this time Dole purchased more land in order to expand his business and in 1922 purchased the island of Lanai for a pineapple plantation.

In 1922 Dole bought the island of Lana'i and established a huge plantation.

1930

New Products and Continued Growth: 1930-70

1932

In 1932, Castle & Cooke purchased a 21% interest in the Hawaiian Pineapple Company.

1933

The Dole brand, which was introduced in 1933, is one of the most recognized brands for fresh and packaged produce in the United States.

Thereafter the Hawaiian Pineapple Company became Castle & Cooke's principal business, and beginning in 1933 the Dole name was affixed to the company's products.

1934

Thereafter the Hawaiian Pineapple Company became Castle & Cooke’s principal business, and while Dole’s name was affixed to the company’s products in 1934, Dole himself was relegated to an essentially powerless role.

1936

With greater financial resources at its disposal, the company launched a major advertising campaign for pineapple juice, boosting sales and putting the company back on a profitable footing by 1936.

1948

Castle & Cooke bought a controlling share of the Hawaiian Pineapple Company and, although Dole remained as chairman of the board until 1948, Castle & Cooke was in charge, and was responsible for restoring the company to financial health.

1963

The company established pineapple and banana farms in the Philippines in 1963 to serve markets in East Asia.

1968

In 1968 Castle & Cooke bought the remainder of Standard Fruit.

1973

The company branched into mushrooms in 1973 with the acquisition of West Foods, Inc., the biggest producer of mushrooms in the western United States.

Also in 1973 Castle & Cooke became the nation's leading banana producer, adding two large banana plantations to its roster.

1978

The following year, Dole Fresh Vegetables began marketing produce under the Dole name, dropping the Bud of California name it had been using since 1978, and the company purchased two apple growers in Washington State.

1986

In 1986 Dole's logo was redesigned.

1988

In 1988 Dole introduced a new line of dried fruits and nuts.

1989

In 1989 a division of Dole Food Company was established in London, poised to take advantage of imminent changes in the integrated European market.

1990

The company also continued its tradition of diversification and innovation, introducing a line of packaged fresh vegetable products in 1990.

1991

Since 1991, Dole’s international growth strategy has included expansion into eastern Europe, South Korea, and the Middle East, where eight branch offices have been opened.

1994

carlsen, clifford. "dole plucks marin organics giant; acquisition of made in nature plants seed for golden harvest." san francisco business times, 2 september 1994.

1995

In 1995 Dole sold its juice and beverage business, except for pineapple juice, to the Seagram Co.

1996

1996: Dole pioneers packaged fresh salad mixes.

In 1996 Dole expanded its juice operations once again, by purchasing the controlling share of Pascual Hermanos, Spain's leading citrus fruit and vegetable producer.

1997

In 1997 Dole's sales were over $4.3 billion.

dole food company, inc. annual report. westlake village, ca: dole food company, inc., 1997.

1998

The company also established a salad plant in Japan in 1998 to introduce the packaged product to Japanese consumers.

Russia accounted for about 8 percent of the global banana business, and when the Russian economy collapsed in late 1998, Dole lost an important market for its bananas.

As of 1998 it sold more than 70 varieties of fruits and vegetables, as well as over 100 processed and packaged fruits, juices, and nuts.

For instance, its banana sales in Europe have been significantly disrupted by the European Union's banana regulations, which were challenged by several countries (the United States, Ecuador, Mexico, Honduras, and Guatemala), but were still in effect in 1998.

2000

Dole's other segments--Fresh Vegetables, Packaged Foods, and Beverages--performed well in 2000.

To better concentrate on its primary businesses of fruits, vegetables, packaged foods, and flowers, Castle & Cooke, Inc., a diversified real estate company within Dole, was privatized in 2000.

2001

In 2001, Dole began a concerted effort to reduce operating costs and to liquidate non-core and/or under-performing businesses.

2003

"David H. Murdock Acquires Dole Food Company, Inc.," Canadian Corporate News, March 29, 2003.

Also, in 2003, Dole opened its Dole Nutrition Institute, a group dedicated to educating the public about the health benefits of fruits and vegetables.

Subsequently, the company expanded with increased 2003 sales of nearly 9 percent and increased earnings of about 18 percent.

2003: CEO David Murdock completes deal that converts Dole to private company.

2004

Announces Additional Duties for Its Chairman and CEO, and Early Retirement of Its President and COO," Business Wire, February 4, 2004.

Announces the Acquisition of Coastal Berry Company, LLC.," Business Wire, October 15, 2004.

As of 2004, Doles' primary business segments were: Fresh Fruits, Fresh Vegetables, Packaged Foods, and Fresh Flowers.

2011

In 2011, the company reported $7.2 billion in annual revenue.

2012

As part of a major restructuring in 2012, Dole agreed to sell its worldwide packaged foods and Asian fresh produce businesses to Japanese trading house Itochu for $1.7 billion in cash.

2013

In August 2013, Dole announced it has sold itself to CEO David Murdock for $1.2 billion.”

2015

In 2015, the Delaware Chancery Court awarded $148 million in damages to the former shareholders, on the grounds that Murdock and chief operating officer C. Michael Carter had misled shareholders regarding the finances of the company.

2021

On July 30th of 2021, Dole Food Company, Inc merged with Total Produce plc.

2022

"Dole Food Company, Inc. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/dole-food-company-inc-1

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Founded
1851
Company founded
Headquarters
Westlake Village, CA
Company headquarter
Founders
Amos Cooke,Samuel Castle,James Dole
Company founders
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Dole competitors

Company nameFounded dateRevenueEmployee sizeJob openings
McDonald's1940$25.9B210,00045,766
PepsiCo1898$91.9B267,000645
General Mills1866$19.9B35,000168
McCormick & Company1889$6.7B13,000162
Big Heart Pet Brands1916$2.2B7,500-
Bumble Bee Seafoods1899$177.1M50023
Wendy's1969$2.2B12,5005,194
Pizza Hut1958$7.5B350,0007,905
Post Holdings1895$5.0B11,410400
Riceland Foods1921$1.0B1,50023

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Dole may also be known as or be related to Dole, Dole Food Co Inc, Dole Food Company, Dole Food Company Inc, Dole Food Company, Inc. and Dole Holdings Inc.