ConAgra Foods announces Del Monte Canada acquisition plans
A ConAgra release said the agreement includes the acquisition of all Del Monte packaged fruit, fruit snacks and vegetable products in Canada, as well as Aylmer tomato products.
The release highlighted Del Monte Canada has an annual revenue last year of $150 million and has 190 employees.
The agreement also includes a manufacturing plant in Dresden, Ontario, and the company's headquarters offices in Toronto, Ontario. Del Monte fresh produce, juices, and Aylmer soups will remain under separate ownership.
"The acquisition of Del Monte Canada supports our strategic growth plan," said ConAgra Foods CEO Gary Rodkin.
"It will grow our position in North American tomato products, expand our vegetable product line and add packaged fruit and fruit snacks to our portfolio."