Buy-out house KKR is reportedly in talks to take US food manufacturer Del Monte Foods private.

The Financial Times reported that private-equity firm KKR has been discussing a deal with Del Monte Foods for several months and claimed agreement could be struck within weeks.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The two sides are reportedly discussing a price of about US$18.5 a share, which will value Del Monte Foods at close to $3.6bn.

According to the sources quoted in the report, it is not clear whether the sides would reach an agreement and a deal may not happen.

KKR bought out former Del Monte Foods owner RJR Nabisco in 1989 and then sold the canned-foods business to an investor group led by Merrill Lynch.

Shares in Del Monte Foods were up 1.92% at the market’s close yesterday to $22.24 a share.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The company is set to publish its second-quarter results on 2 December.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now