Fresh Del Monte to reunite Del Monte brand after four decades after $285 million sale
Fresh Del Monte Produce (FDM) is to acquire select assets of California-based Del Monte Foods Corporation II Inc. and its affiliates for $285 million. The transaction remains subject to court approval and applicable regulatory clearances, with the sale hearing scheduled for January 28, 2026, and closing expected by the end of Q1 2026.
The transaction brings the brands under a single owner for the first time in nearly four decades, aligning fresh and shelf-stable foods under one integrated strategy.
“By uniting fresh and shelf-stable food under one strategy, we are honoring the brand’s legacy while supporting it for continued relevance and growth,” said Mohammad Abu-Ghazaleh, FDM’s Chairman and Chief Executive Officer. “It allows us to show up more consistently for consumers and to build a stronger, more flexible platform focused on efficiency, innovation, and long-term value creation.”
Fresh Del Monte new acquisition package
- Prepared and packaged foods businesses comprising vegetable, tomato, and refrigerated fruit business assets.
- An operational footprint including selected US facilities in Texas, Illinois, Wisconsin, and Washington, two facilities in Mexico, and one operation in Venezuela.
- Global ownership of the Del Monte® brand, which is subject to existing licensing arrangements across different regions and categories.
- Excluded from the transaction are the canned fruit, and other ambient packaged fruit and fruit sauce products for the US, Puerto Rico, and Mexico markets, under the Del Monte® and S&W® brands, along with physical assets associated with these businesses in those countries, as well as the broth and stock businesses under the College Inn® and Kitchen Basics® brands.
Following closing, FDM plans to steward the acquired brands through a dedicated business unit, ensuring continuity for retailers, foodservice partners, suppliers, and consumers, with no immediate changes expected to products on shelf.
FDM intends to finance the acquisition through a combination of cash on hand and availability under its revolving credit facility.
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