2 April 2013
Fresh Del Monte Produce said it is "pleased" with a US court ruling that has served an injunction against Del Monte Foods in the two companies' dispute over the Del Monte trademark.
8 March 2013
A drop in sales and higher marketing spend hit third-quarter profits from Del Monte Foods' consumer food business.
7 December 2012
Lower second-quarter sales and investment in marketing has hit half-year profits from Del Monte Foods' consumer food business.
just-food's research round-up: Global bakery trends, European dairy industry outlook, stevia in the global sweeteners market
7 December 2012
The latest batch of reports from the just-food research store includes a look at bakery trends, a European dairy industry outlook to 2020, and how stevia will change the sweeteners market.
10 September 2012
Del Monte Foods has moved to a net profit in the first quarter of its financial year on the back of an increase in sales.
22 June 2012
Another quarter of lower sales of consumer products has hit overall revenue at Del Monte Foods.
16 April 2012
After a relaxing Easter break, news of another piece of M&A in the UK food sector emerged with a potential management buy-out at cake maker Lees Foods. Later in the week, another UK manufacturer, Adelie Food Holdings, made the headlines with news of its sale to an Indian buyer. Embattled retailers Carrefour and US grocer Supervalu Inc providing trading updates to the market. And, our pages carried an exclusive interview with the chairman and CEO of Spanish food manufacturer Ebro Foods. Click on the headlines for more.
10 April 2012
Fresh Del Monte Produce has won a false advertising and breach of contract lawsuit against fellow US food group Del Monte Foods.
12 March 2012
Del Monte Foods reported falling sales and profits from its consumer foods arm as it booked a decline in earnings for the third quarter of its financial year.
8 February 2012
US snack maker Diamond Foods has replaced its CEO and CFO after an internal investigation found the company had incorrectly accounted for payments to walnut growers.
12 December 2011
Del Monte Foods has reported a half-year loss of over US$10m after higher input costs and charges relating to the sale of the company in March hit its bottom line.
2 December 2011
A judge has approved a US$89.4m settlement for Del Monte Foods shareholders who claimed they lost out when the company was sold to a group of private-equity firms led by KKR for $5bn.
29 November 2011
The US Department of Justice has opened a probe into the US$5bn takeover of Del Monte Foods, according to reports.
28 October 2011
Del Monte Foods has appointed former Campbell Soup Co. executive Carl Johnson to the newly-created role of executive vice president of brands.
12 September 2011
Costs linked to last year's takeover of Del Monte Foods - and higher commodity prices - have led the US food group to post a quarterly loss.
8 August 2011
FieldFresh Foods, a venture between India's Bharti Enterprises and Singapore-listed Del Monte Pacific, has launched pasta sauces across India.
17 June 2011
Costs linked to the takeover of Del Monte Foods earlier this year has hit annual profits at the US canned food maker.
16 June 2011
J.P. Bilbrey, the interim president and CEO at Hershey, has been handed the job on a permanent basis.
24 May 2011
Dave West, raised eyebrows last week with his decision to, well, head west and leave his post as Hershey chief executive for the top job at Del Monte Foods. But will Hershey's fortunes head south in the wake of West's departure?
19 May 2011
The surprise announcement that Dave West would be quitting as Hershey chief executive hit the US chocolate giant's shares and brought uncertainty to a company that has enjoyed something of a revival in recent years. Dean Best discusses the reaction to the news and the outlook for the confectioner.
18 May 2011
Former Hershey chief executive Dave West has been named as Del Monte Foods' new CEO.
29 March 2011
Heinz has reaffirmed that it is looking for acquisitions, including in infant nutrition, the US food company's smallest - but fastest-growing - division.
8 March 2011
Shareholders in Del Monte Foods have given the go-ahead for a US$5.3bn takeover by a group of private-equity firms led by KKR.
15 February 2011
The special meeting when Del Monte shareholders will vote on the company's planned US$5bn sale to a group of private equity investors will be delayed, the company said yesterday (14 February).
11 February 2011
Del Monte Foods has named Neil Harrison interim CEO as its US$5bn sale to a private-equity consortium nears completion.
27 January 2011
The CEO of Del Monte Foods is to leave the US food group once its US$5bn sale to a private-equity consortium is complete.
10 January 2011
Del Monte Foods today (10 January) announced the end of the 'go-shop' period that was part of its US$5bn sale to a consortium of private-equity firms.
20 December 2010
Kraft Foods' move to buy Cadbury in January failed to spark a burst of M&A activity in the food industry, as economic conditions continued to dampen attitude to risk. As the year progressed, however, and confidence returned, the pace of acquisitions picked up. But as Dean Best reports, the nature and rationale behind the deals has altered significantly.
20 December 2010
As we headed into September, there was uncertainty about the prospects for M&A activity, with analysts at KPMG suggesting the value of deals in the food, drink and consumer goods space in the second quarter stood at just under US$19bn - down from the $49bn of deals recorded in the first three months of the year. However, the last months of 2010 saw a number of key pieces of M&A - notably the merger of Greencore and Northern Foods - and deals signed to see PepsiCo buy Wimm-Bill-Dann and a private-equity consortium by Del Monte Foods.
20 December 2010
The consolidation seen in Europe's dairy sector in 2010 was marked with a final flourish in the last weeks of the year on Friday (17 December) with Arla Foods' announcement that it plans to merge with Germany co-op Hansa-Milch.