(Sept. 24, 1:10 p.m.) Dole Food Co. Inc. has reached an agreement to sell Kent, England-based JP Fresh and its ripening and distribution business in France to Compagnie Financiere de Participations, a French company in which Dole owns a 40% interest.

Dole president and chief executive officer David DeLorenzo said in a news release that funds from the sale, which is expected to close in the fourth quarter, will be used to reduce the Westlake Village, Calif.-based company’s debt.

Dole completed its acquisition of JP Fresh, which imports, ripens and distributes fruit in the United Kingdom, in 2006 when it bought the 65% of the company it didn’t already own for $41.9 million.

Dole did not announce the sale price of the JP Fresh operations. However, Dole said in its release that the sale, combined with the sale of its floral division and acreage in California, Hawaii and Mexico will net $145 million.

Those funds are in addition to the $132 million in asset sales the company disclosed in July. Those deals included properties in California, Florida and Hawaii.