Fresh Del Monte Completes Acquisition of Select Del Monte® Foods Assets
Transaction reunites the Del Monte® brand and expands Fresh Del Monte's prepared and packaged foods platform
Fresh Del Monte Produce Inc. (NYSE:FDP) ("Fresh Del Monte" or the "Company") today announced that it has completed the acquisition of select assets of California-based Del Monte Foods Corporation II Inc. and its affiliates for approximately $285 million. The transaction was approved by the United States Bankruptcy Court for the District of New Jersey following a court-supervised sale under Section 363 of the U.S. Bankruptcy Code and will be funded through a combination of cash on hand and availability under Fresh Del Monte's revolving credit facility.
The transaction marks a hist
