Del Monte Foods Secures Deals to Sell Core Businesses Amid Chapter 11 Bankruptcy Proceedings

Del Monte Foods, the 140-year-old American food company, has secured deals to sell its core business assets to three major food industry players as part of its Chapter 11 bankruptcy restructuring process. Fresh Del Monte Produce will acquire Del Monte's vegetable, tomato, and refrigerated fruit businesses for $285 million, while B&G Foods will purchase Del Monte's broth and stock businesses for approximately $110 million. Pacific Coast Producers will acquire Del Monte's shelf-stable fruit business. The sales are aimed at providing a clear path forward for continued operations under new ownership while preserving the legacy of Del Monte's well-known brands.