Del Monte Foods

Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

US canned vegetable firm McCall Farms buys rival Sager Creek from Del Monte Pacific

21 Sep 2017

US canned vegetable specialist McCall Farms is acquiring the brands of Sager Creek Vegetable Company from Del Monte Pacific for an undisclosed sum.

Del Monte Foods to close Indiana plant and move production to California

13 Sep 2017

US canned fruit specialist Del Monte Foods is to close a northern Indiana tomato processing plant and shift its production to a central California facility.

Fresh Del Monte, Del Monte Pacific strike chilled JV

28 Jun 2017

US-based Fresh Del Monte and Asia-based peer Del Monte Pacific have settled legal action between the two businesses and moved to form a joint venture to market chilled products in the retail sector.

Del Monte launches Fruit Cup Snacks for grown-ups

28 Jul 2016

Del Monte Foods has launched a line of Fruit Cup snacks in the US made "just for grown-ups".

Del Monte Foods appoints Paul Miller as chief financial officer 

11 Jul 2016

Del Monte Foods has announced two changes to its US leadership team as it looks to strengthen its financial and technical expertise. 

Del Monte Foods to close North Carolina vegetable site

22 Apr 2016

Del Monte Foods is to close a vegetable processing site in North Carolina, a move affecting 230 full-time staff and 92 seasonal employees.

Del Monte Foods makes non-GMO ingredients pledge

30 Mar 2016

Del Monte Foods has announced plans to switch to non-genetically modified ingredients in parts of its range on sale in the US this year.

Del Monte Foods moves to reduce use of BPA in cans

30 Mar 2016

Del Monte Foods is to reduce the amount of bisphenol A it uses in the packaging of its products in the US.

Del Monte Pacific books H1 profit

9 Dec 2015

Del Monte Pacific has reported improving profitability and higher sales for the first half of its 2015/2016 fiscal year.

Del Monte Pacific acquires US veg group Sager Creek

11 Mar 2015

Del Monte Pacific has acquired US produce group Sager Creek Vegetable Company through its US subsidiary Del Monte Foods for US$75m.

Del Monte Pacific says business "stabilised"

11 Mar 2015

Del Monte Pacific Ltd said today (11 March) that it has "stabilised" its business – despite racking up a net loss in the first nine months of the year – thanks to the completion of a rights issue, the proceeds from which will be used to pay down short term debt.

StarKist invests in US salmon group Silver Bay

12 Nov 2014

US canned tuna group Starkist and its parent, South Korean conglomerate Dongwon Group, have jointly invested in Sliver Bay Seafoods, an Alaska-based salmon processor.

PHILIPPINES: Del Monte Pacific lists in Manila

11 Jun 2013

Shares in Singapore-based Del Monte Pacific have started trading in the Philippines, the second listing for the food and drinks group.

US: Consumer brands weakness hits Del Monte sales

22 Jun 2012

Another quarter of lower sales of consumer products has hit overall revenue at Del Monte Foods.

US: Consumer arm suffers during Del Monte Q3

12 Mar 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.

US: Del Monte shareholders get US$89.4m payout

2 Dec 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: Former Campbell exec Johnson gets Del Monte brand role

28 Oct 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 Sep 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 Aug 2011

FieldFresh Foods, a venture between India's Bharti Enterprises and Singapore-listed Del Monte Pacific, has launched pasta sauces across India.

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.

US: Shareholder vote on Del Monte takeover postponed

15 Feb 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).

The just-food management briefing - M&A in 2010 - a timeline, part II

20 Dec 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.

US: Del Monte cuts revenue target as Q2 sales slide

2 Dec 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.

Best bits: Irish retail braces for austerity, Del Monte prepares for new owners

29 Nov 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 Nov 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 Nov 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 Nov 2010

Del Monte Foods has reportedly agreed to a US$5bn takeover bid from a private-equity consortium led by KKR.

BRICs and beyond: India's potential overshadows short-term challenges

16 Sep 2010

At the end of August, data emerged that India's economy was growing at its fastest rate in nearly three years. One of the four markets dubbed the BRICs in 2001, India is still a key priority for international investors and, despite potential legal issues and the spectre of food inflation, it remains a vital market for food manufacturers.

Quote, unquote: just-food's week in words

3 Sep 2010

The week saw a raft of quarterly and half-yearly reports from firm's including Heinz, Campbell Soup and Del Monte.

1

3

...

11



Forgot your password?