India: Agro Tech Foods to acquire Del Monte Foods
Agro Tech Foods (ATFL), a confectionery and snacks firm backed by private equity firm Samara Capital, has announced it has entered into an agreement to acquire Del Monte Foods in a 1,300 crore INR ($156 million) share swap deal with Bharti Enterprises and Del Monte Pacific. Following the acquisition, Del Monte Foods will become a […]
USA: Del Monte Foods announces closure of two canned vegetable plants
Del Monte Foods, a subsidiary of consumer goods major Del Monte Pacific, has announced plans to close a green bean manufacturing plant in Markesan, WI and a tinned sweetcorn and peas plant in Toppenish, WA, according to reports in Just Food and Food Business News. The closures are said to be expected by the end […]
USA: Del Monte Pacific to close and sell facilities
Del Monte Pacific, a leading fruit and vegetable processor, has announced plans to divest production facilities of its US subsidiary Del Monte Foods, including the closure of two production facilities and the sale of another. The facilities to be closed are located at Sleepy Eye, MN and Mendota, IL, where production is set to cease […]