Fyffes has expanded its fruit and vegetable business in Denmark with the acquisition of the Copenhagen firm, Olesen Import. The consideration is related to profits over the next four years but is capped at £6 million.

Olesen had sales last year of £80 million and is expected to show a £250,000 profit in the current year and £1 million within 12 months. The company is one of the biggest fresh produce companies in Denmark, employing 200 people, and will add to Fyffes' existing Lembcke business in Denmark.