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Del Monte Foods Successfully Completes Sale Transactions Across All Business Segments
Prnewswire· 2026-03-19 20:51
Core Insights - Del Monte Foods has successfully completed the sale transactions for its Vegetable, Fruit, Tomato, and Broth & Stock business segments, marking a significant milestone for the company [1][2]. Group 1: Sale Transactions - The completed transactions include the sale of the shelf-stable fruit business assets to Pacific Coast Producers, which includes rights to the Del Monte® and S&W® brands for ambient fruit products in the U.S. and Mexico [6]. - B&G Foods, Inc. has acquired all assets in the broth & stock business segment, including the College Inn® and Kitchen Basics® brands [6]. - Fresh Del Monte Produce Inc. has purchased the vegetable, tomato, and refrigerated fruit business assets, which include several Del Monte® brands and global ownership of the Del Monte® brand and related intellectual property [6]. Group 2: Company Positioning - The CEO of Del Monte Foods emphasized that the completion of these transactions positions the brands for continued success under new ownership, highlighting the commitment of the team and support from stakeholders [2]. - Del Monte Foods has a legacy of over 140 years in the food industry, focusing on providing nutritious and delicious food products through its well-known brands [4].