Del Monte Foods - food industry company news 
US: Diamond CEO, CFO exit after accounting probe
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.
US: Merger costs lead Del Monte to file H1 loss
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.
US: Del Monte shareholders get US$89.4m payout
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.
US: Government opens probe into Del Monte takeover
29 November 2011
The US Department of Justice has opened a probe into the US$5bn takeover of Del Monte Foods, according to reports.
US: Former Campbell exec Johnson gets Del Monte brand role
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.
US: Takeover, ingredient costs lead to Q1 loss at Del Monte
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.
INDIA: Bharti, Del Monte JV FieldFresh launches pasta sauces
8 August 2011
FieldFresh Foods, a venture between India's Bharti Enterprises and Singapore-listed Del Monte Pacific, has launched pasta sauces across India.
US: Takeover costs hit Del Monte profits
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.
US: Hershey appoints Bilbrey as president and CEO
16 June 2011
J.P. Bilbrey, the interim president and CEO at Hershey, has been handed the job on a permanent basis.
Best bits: West ends Hershey tenure; Iceland Foods sale begins
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?
On the move: West exit brings uncertainty to resurgent Hershey
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.
UPDATE: US: Former Hershey chief West to join Del Monte as CEO
18 May 2011
Former Hershey chief executive Dave West has been named as Del Monte Foods' new CEO.
CAGE: Heinz reaffirms infant-nutrition M&A ambitions
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.
US: Del Monte shareholders OK KKR buyout
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.
US: Shareholder vote on Del Monte takeover postponed
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).
US: Del Monte Foods appoints Harrison as interim CEO
11 February 2011
Del Monte Foods has named Neil Harrison interim CEO as its US$5bn sale to a private-equity consortium nears completion.
US: Del Monte Foods CEO to leave following sale
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.
US: Del Monte ends 'go-shop' period
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.
The just-food management briefing - M&A in 2010 - a year in review
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.
The just-food management briefing - M&A in 2010 - a timeline, part II
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.
Best bits: Arla's merger plans show M&A bubbling as year ends
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.
Editor's choice: the highlights on just-food this week
3 December 2010
Russia grabbed the political (Wikileaks), sports (World Cup) and business headlines all in the space of 24 hours on Thursday this week. The business headline involved PepsiCo's move to buy Wimm-Bill-Dann, Russia's largest dairy processor, in the US giant's quest to expand in the dairy sector. The deal capped a fresh round of M&A news this week while, elsewhere, the UK government outlined plans to tackle obesity, there was talk from the EU that states would agree on origin labels and Carrefour's woes in Brazil deepened.
Quote, unquote: just-food's week in words
3 December 2010
PepsiCo talked of "snackifying" and "drinkifying", the UK coalition government warned of "nannying" and Carrefour blamed a "management malfunction". just-food's week in words has some eye-catching phrases this week to match some interesting stories.
US: Del Monte cuts revenue target as Q2 sales slide
2 December 2010
Del Monte Foods, the US food group set to be bought by three private-equity firms for US$5.3bn, has cut its full-year revenue target after sales slid in its second quarter.
In the spotlight - What lies ahead for Del Monte Foods?
1 December 2010
After weeks of speculation, the senior management at Del Monte Foods said yes last week to a takeover bid for the company.
Best bits: Irish retail braces for austerity, Del Monte prepares for new owners
29 November 2010
"It's a staggeringly austere budget, the cuts are deep and it will hurt." The stark words of one analyst last week after Ireland announced its plans to tackle the country's debt crisis.
Editor's choice: the highlights on just-food this week
26 November 2010
As Ireland's economic crisis dominated the business pages, data on the country's grocery retail sector suggested it was returning to growth after months in the doldrums. However, will Dublin's IMF-backed austerity package stall that growth? Elsewhere, management at Del Monte Foods said yes to a US$5.3bn private-equity takeover, Danone snapped up US yoghurt-maker YoCream International and Campbell Soup Co. and Hormel Foods revealed differing fortunes to the market.
UPDATE 2: US: Del Monte Foods sold for $5.3bn
25 November 2010
Del Monte Foods has confirmed that it has been sold to consortium of three private-equity groups in a deal worth US$5.3bn.
UPDATE: US: Del Monte "agrees US$5bn sale" to private-equity firms
25 November 2010
Del Monte Foods has reportedly agreed to a US$5bn takeover bid from a private-equity consortium led by KKR.
US: Vestar, Centerview fund "join KKR in Del Monte bid"
25 November 2010
Two private-equity firms are reportedly teaming up with buy-out house KKR in its bid for US food group Del Monte Foods.
Related research
Del Monte Foods Company
Datamonitor's Del Monte Foods Company - SWOT Analysis company profile is the essential source for top-level company data and information. Del Monte Foods Company - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Del Monte Foods (Del Monte or ‘the company’) is a producer, distributor and marketer of packaged fruits and vegetables. The company is also engaged in the production of a range of specialty items such as pet food and snacks. Del Monte operates in the US. It is headquartered in San Francisco, California and employs 5,300 people. The company recorded revenues of $3,739.8 million during the financial year ended April 2010 (FY2010), an increase of 3.1% over FY2009. The operating profit of the company was $508 million in FY2010, an increase of 40.8% over FY2009. The net profit was $244.3 million in FY2010, an increase of 41.8% over FY2009.
Del Monte Foods Company - SWOT Analysis
Datamonitor's Del Monte Foods Company - SWOT Analysis company profile is the essential source for top-level company data and information. Del Monte Foods Company - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Del Monte Foods (Del Monte or ‘the company’) is a producer, distributor and marketer of packaged fruits and vegetables. The company is also engaged in the production of a range of specialty items such as pet food and snacks. Del Monte operates in the US. It is headquartered in San Francisco, California and employs 5,300 people. The company recorded revenues of $3,739.8 million during the financial year ended April 2010 (FY2010), an increase of 3.1% over FY2009. The operating profit of the company was $508 million in FY2010, an increase of 40.8% over FY2009. The net profit was $244.3 million in FY2010, an increase of 41.8% over FY2009.
Del Monte Foods Company - Strategy, SWOT, and Corporate Finance Report
Datamonitors' Del Monte Foods Company’s SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corporate actions, providing a 360° view of the company.
