INQUIRER.net: Del Monte Pacific acquires US food business of Del Monte

INQUIRER.net Philippine News for Filipinos

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Del Monte Pacific acquires US food business of Del Monte Oct 11th 2013, 02:50 MANILA, Philippines--The Campos family-led Del Monte Pacific Ltd. has struck a deal to acquire the consumer food business of private-held American corporation Del Monte Foods (DMF) for $1.675 billion, thereby breaking into the US market and reuniting with its US mother brand. In a disclosure to the Philippine Stock Exchange on Friday, DMPL – which is controlled by the Campos family's NutriAsia group – said this acquisition would include DMF's leading U.S. canned fruit, vegetable and broth business under iconic American brands Del Monte, Contadina, S&W and College Inn. The deal, which is done through a subsidiary, also adds net sales to DMPL of more than $1.8 billion and adj... Keep on reading: Del Monte Pacific acquires US food business of Del Monte

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