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Del Monte Foods to sell core businesses after chapter 11 bankruptcy proceedings
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Saturday, 17 January, 2026, 13 : 00 PM [IST]
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California,USA
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Del Monte Foods Corp., the iconic American food company known for its canned vegetables, fruits and packaged foods, has secured deals to sell its core business assets to three major food industry players as part of its ongoing Chapter 11 bankruptcy restructuring process. The court-supervised auction, announced on January 15, 2026, marks a turning point for the nearly 140-year-old brand.
Under the agreements, Fresh Del Monte Produce Inc. will acquire Del Monte’s vegetable, tomato and refrigerated fruit businesses along with several key brands including Del Monte, S&W, Contadina and Take Root Organics plus the Joyba beverage brand and associated intellectual property, for $285 million and assumption of certain liabilities. This move reunifies much of the Del Monte brand under one owner for the first time in nearly four decades, combining fresh produce operations with packaged goods.
In addition, B&G Foods Inc. has agreed to purchase Del Monte’s broth and stock businesses, including the College Inn and Kitchen Basics brands, for approximately $110 million in cash. These pantry staples are expected to complement B&G’s existing portfolio, strengthening its presence in the soups and stocks category.
The third buyer, Pacific Coast Producers, is acquiring Del Monte’s shelf-stable fruit business, including the rights and licenses to use the Del Monte and S&W brands for ambient packaged fruit and sauces in the United States, Puerto Rico and Mexico. Financial terms of this portion of the transaction were not disclosed.
Del Monte Foods initiated Chapter 11 bankruptcy protection in mid-2025 amid challenging market conditions, including shifting consumer preferences, declining demand for traditional canned foods and competitive pressures in the packaged food sector. The asset sales are aimed at providing a clear path forward for continued operations under new ownership while preserving the legacy of Del Monte’s well-known brands.
The proposed sales remain subject to approval by the U.S. Bankruptcy Court for the District of New Jersey and customary closing conditions, with the transition of ownership expected to be finalized by the end of the first quarter of 2026.
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