USA: Del Monte completes sale of its Woodland, California tomato facility
Del Monte Foods Company (NYSE: DLM), announced yesterday the completion of the sale of the company's Woodland, California tomato facility to Pacific Coast Producers ("PCP"), a California grower cooperative. Terms of the sale were not disclosed. As previously announced, Del Monte closed its Woodland plant in January 2001 when it consolidated its tomato operations into the Company's state-of-the-art tomato processing facility in Hanford, California. The majority of the Company's Del Monte, Contadina and S&W brands of tomato products are now processed in Hanford, which is situated in close proximity to the Company's raw product supply. Del Monte Foods acquired both the Hanford and the Woodland facilities in December 1997, as part of the Company's acquisition of the Contadina canned tomato business from Nestle USA, Inc.
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