USA: B&G Foods acquires Del Monte broth brands
B&G Foods, the US holding company behind brands such as Crisco and Green Giant, has agreed to acquire the broth and stock business of Del Monte Foods for $110 million in cash. The transaction, which includes the College Inn and Kitchen Basics brands, emerged from a competitive auction process conducted as part of Del Monte […]
USA: Del Monte Foods to shutter Modesto cannery
Del Monte Foods, the US processed food manufacturer currently in Chapter 11 bankruptcy, has announced the closure of its production facility in Modesto, California, a move that will impact up to 1,800 workers. The decision to wind down operations at the historic Central Valley site follows the company’s recent court-supervised asset auction. While the company […]