Del Monte Pacific (DMPL) has acquired the S&W brand from the US group Del Monte Foods for all markets outside of North and South America, Australia and New Zealand.

As part of the transaction, the Philippine food group will grant Del Monte Foods a perpetual royalty-free license for canned fruits and vegetables and certain specific bottled products for the Western European market.

The S&W brand originated in the US in 1896 as a producer and marketer of premium quality processed fruits and vegetables.

DMPL will pay US$10 million for the deal, which will be financed by internally generated funds.

DMPL will also acquire existing S&W inventories and distribution rights.