Atlantic Fruit Company

Last updated
Atlantic Fruit Company
Industry Shipping
FateSold to Standard Fruit Company
Founded1905;114 years ago (1905) in Baltimore, Maryland, United States
FounderJoseph Di Giorgio
Defunct1932 (1932)

The Atlantic Fruit Company was an American shipping company formed in 1905 by Joseph Di Giorgio in Baltimore. [1] Di Giorgio arrived in Baltimore from Sicily in 1899. When he moved to California in 1911, the business was worth $12 million. [2]

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In 1906, United Fruit Company bought a half share in the company, but antitrust law forced them to sell it. Di Giorgio and his business became partners with the Vaccaro brothers of Standard Fruit Company and formed the Mexican American Fruit & Steamship Company in 1923. The company name was changed to American Fruit & SS Company in 1927, and the business was sold to Standard Fruit Company by 1932. [1]

United Fruit Company American corporation

The United Fruit Company was an American corporation that traded in tropical fruit, grown on Latin American plantations, and sold in the United States and Europe. The company was formed in 1899, from the merger of Minor C. Keith's banana-trading concerns with Andrew W. Preston's Boston Fruit Company. It flourished in the early and mid-20th century, and it came to control vast territories and transportation networks in Central America, the Caribbean coast of Colombia, Ecuador, and the West Indies. Though it competed with the Standard Fruit Company for dominance in the international banana trade, it maintained a virtual monopoly in certain regions, some of which came to be called banana republics, such as Costa Rica, Honduras, and Guatemala.

Vaccaro brothers originally from Sicily were Italian-American businessmen. Involved in import of fresh produce, they incorporated as the Vaccaro Bros. and Co. in 1906. Also expanded into providing ice to refrigerate the ships eventually building up a 35-ship fleet. As the nature of businesses expanded, in 1924, the company's name was changed to Standard Fruit Company and in 1926 to Standard Fruit and Steamship Company.

Standard Fruit Company was established in the United States in 1924 by the Vaccaro brothers. Its forerunner was started in 1899, when Sicilian immigrants Joseph, Luca and Felix Vaccaro, together with Salvador D'Antoni, began importing bananas to New Orleans from La Ceiba, Honduras. By 1915 the business had grown so large that it bought most of the ice factories in New Orleans in order to refrigerate its banana ships, leading to its president Joseph Vaccaro becoming known as the "Ice King".

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References

  1. 1 2 "Atlantic Fruit Co. (Di Giorgio)". www.theshipslist.com. Swiggum. Retrieved 3 June 2019.
  2. Stoll, Steven (1998). The Fruits of Natural Advantage: Making the Industrial Countryside in California. Berkeley: University of California Press. ISBN   9780520920200.