Del Monte Pacific

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Del Monte Pacific's Philippines unit 'postpones IPO on market slump'

7 Jun 2018

The Philippines unit of fruit products manufacturer Del Monte Pacific has reportedly postponed its initial public offering of as much as PHP13.5bn (US$257.3m) in shares due to a slump in the local stock market.

Earnings summary - Bel Group sales hurt by regional turmoil; Ter Beke FY sales, profits surge on acquisition splurge; Del Monte Pacific books nine-month loss on one-off expenses; Calavo Growers' Q1s move ahead

9 Mar 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Del Monte's Philippines unit files for IPO

6 Feb 2018

The Philippines arm of fruit products giant Del Monte Pacific is to go public, seeking to raise up to US$324m through an initial public offering (IPO). 

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Kikkoman soy sauces enter India in FieldFresh partnership

21 Nov 2017

Indian business FieldFresh Foods is partnering with Kikkoman to sell the Japanese soy sauce maker's namesake products in the country.

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.

Del Monte Pacific first-quarter sales edge up, profit turns from loss

7 Sep 2017

Del Monte Pacific said its first-quarter sales edged up 1% due to a "strong'' performance of its S&W branded business in Asia and the Middle East, which offset lower sales in the US.

Del Monte Pacific FY underlying profits up on sales dip

30 Jun 2017

Produce group Del Monte Pacific has reported higher underlying annual profits despite a dip in sales, with the company, listed in Singapore and the Philippines, pointing to a "strong performance" from its business in Asia.

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.

US weighs on Del Monte Pacific Q3 sales

10 Mar 2017

Del Monte Pacific has reported muted growth in third-quarter sales after a decline in revenue from its business in the US, its largest division.

Del Monte Pacific underlying profits up, sales fall

6 Dec 2016

Del Monte Pacific has reported lower half-year sales and earnings, although the canned fruit-to-condiments supplier sought to underline it had seen an increase in underlying profits.

St Mamet CEO Matthieu Lambeaux on French fruit group's plans for growth - interview

16 Nov 2016

It has been a year since Conserve Italia, a group of Italian co-operatives, sold France-based packaged fruit supplier St Mamet to French private-equity firm Florac. Matthieu Lambeaux, the former Findus executive, had joined Florac in May 2015 to help the family-owned Florac buy branded food companies in France and became the CEO of St Mamet after the takeover. John Shepherd met Lambeaux at the SIAL trade show last month to discuss his plans to grow the business.

Del Monte Pacific narrows Q1 losses, expects FY profit

9 Sep 2016

Del Monte Pacific revealed narrower losses in the first quarter of its financial year and said it expects to turn a profit in fiscal 2017. 

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 FY profit lifted by one-offs

1 Jul 2016

Produce giant Del Monte Pacific is back in the black again, with full year results showing an increase in profits, largely thanks to a one-off gain.

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 sees pressure on US sales

14 Mar 2016

Del Monte Pacific has reported a drop in third-quarter sales amid pressure on its US arm - and the company warned the squeeze on its business in the country could continue into the last three months of its financial year.

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 reveals CFO, CCO appointments

24 Sep 2015

Del Monte Pacific has promoted CFO Ignacio Carmelo Sison to the post of chief corporate officer.

Food industry quotes of the week - Green Giant; Arla in Africa

4 Sep 2015

This week, B&G Foods announced it had acquired General Mills' struggling Green Giant business in a US$765m deal. Elsewhere, Arla Foods struck two joint ventures in Senegal and Nigeria as the dairy group looks to further expand its presence in Africa. Meanwhile, Campbell Soup Co. reported its full year results and issued a 2015/16 forecast above Wall Street estimates. Here is the week in quotes.

Del Monte Pacific narrows losses

4 Sep 2015

Del Monte Pacific reported lower first quarter losses, with an improved operating performance propelled by sales growth in the US and Philippines.

Del Monte Pacific expects return to profit in 2015/16

6 Jul 2015

Del Monte Pacific has said it "looks forward" to a return to the black in its 2015/16 financial year after reporting annual losses of US$38m due to costs from its acquisition of Del Monte Foods' consumer division.

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.

Acquisition costs hit Del Monte Pacific Q2 earnings

15 Dec 2014

Del Monte Pacific revealed that net profit plunged in the second quarter as acquisition-related expenses weighed on the bottom line.

Del Monte Pacific, Nice Fruit sign JV for cold store

1 Dec 2014

Del Monte Pacific and Spanish fruit producer Nice Fruit SL have entered a joint venture agreement for the construction of a cold storage facility in the Philippines.

Del Monte Pacific to raise funds with share issue

24 Oct 2014

Del Monte Pacific plans to issue 36m preferred shares at US$10 per share as part of efforts to raise funds in order to refinance debt.


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