ICG Commerce will provide procurement outsourcing services to Chiquita Brands International, a global marketer and distributor of fresh and packaged food products, under a five-year agreement. ICG will assist with managing indirect spend areas, including transportation, marketing, maintenance, repair and operating supplies, and information technology.
"Partnering with ICG Commerce complements a key pillar of Chiquita's corporate strategy to build a high-performance organization by providing our procurement organization access to the expertise that will enable us to focus on our core competencies and deliver more value to the company," says Onye Uzoukwu, Chiquita's vice president of global procurement. "We expect this agreement will help us drive cost savings, while allowing us to concentrate on delivering innovative, higher-margin products to our customers and consumers."
Chiquita Brands International is a $4.5bn company. In addition to its namesake, its brands include Fresh Express salads.
