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.
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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.
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