Prnewswire·2026-01-15 12:35Core Insights - Del Monte Foods has reached asset purchase agreements across all its business segments, including Vegetable, Fruit, Tomato, and Broth & Stock, with three successful bidders [1][2] - The transactions are expected to provide a clear path for the company's assets and operations to continue under new ownership, representing the highest offers for the company's assets [2] Company Operations - The CEO of Del Monte Foods emphasized the successful outcome of the sale process, highlighting the enduring value of the company's brands and operations [3] - The company is committed to supporting a smooth transition of operations and continues to serve customers and fulfill orders across its portfolio of brands during this period [4] Sale Transactions Details - The successful bidders include Fresh Del Monte Produce Inc., which will acquire the vegetable, tomato, and refrigerated fruit business assets, and B&G Foods, Inc., which will acquire the Broth & Stock business segment [7] - Pacific Coast Producers will acquire the shelf-stable fruit business assets, including rights to use the Del Monte® and S&W® brands for shelf-stable packaged ambient fruit and sauces in the U.S. and Mexico [7] Transition Process - The sale transactions are subject to approval by the U.S. Bankruptcy Court, with a hearing scheduled for January 28, 2026, and are expected to close by the end of the first quarter of 2026 [3]