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Fyffes is to merge with US-based Chiquita to create a combined banana company with 32,000 staff at sites in Portsmouth, Livingston, Wakefield and across the world.

Fyffes is to close its banana ripening and distribution centre in Highbridge, Somerset, with the loss of 60 jobs, and the business will be relocated to Basingstoke.

Fyffes, the fresh produce company, is looking to spend up to £60m on the development of its business-to-business e-commerce projects over the next two years.

Fyffes and Allegro are to merge their grocery distribution operations to create a combined group called Allegro with annual sales of £77m.

The Windward Islands and Fyffes have jointly acquired the Geest banana business for £147m.