FDP News & Events

Reports Q4 revenue $1.02B vs. $1.01B last year. "Fiscal 2025 reflected solid execution across the business, supported by pricing discipline, continued demand for our core categories, and a strong focus on cash flow," said Mohammad Abu-Ghazaleh, Fresh Del Monte's Chairman and CEO. "We closed the year with improved financial flexibility, reduced debt, and continued investment in our operations to support long-term performance. As we move into 2026, we remain focused on disciplined decision-making and thoughtful capital allocation as we evaluate opportunities ahead."

Fresh Del Monte Produce announced that the U.S. Bankruptcy Court has approved the Company as the purchaser of select assets of California-based Del Monte Foods Corporation II and its affiliates through a court-supervised sale under Section 363 of the U.S. Bankruptcy Code. The Court's decision represents a decisive legal milestone that clears the Transaction to advance into the pre-closing phase. With this approval in place, a key procedural step has been achieved, providing increased certainty as Fresh Del Monte completes customary regulatory reviews, including Hart-Scott-Rodino clearance, and satisfies remaining closing conditions.

Del Monte Foods Corporation II announced that it has received Court approval for three asset purchase agreements for substantially all of its assets and business operations as going-concern businesses. The Sale Transactions are: The sale to Fresh Del Monte Produce (FDP) of the company's vegetable, tomato, and refrigerated fruit business assets, including Del Monte and S&W packaged vegetable brands, Del Monte, Contadina, and Take Root Organics packaged tomato brands, Del Monte refrigerated fruit brand, and the JOYBA beverage brand, together with global ownership of the Del Monte brand and related intellectual property, subject to existing licensing arrangements; The sale to B&G Foods (BGS) of all assets in the broth & stock business segment, including College Inn and Kitchen Basics brands; and The sale to Pacific Coast Producers of the shelf-stable fruit business assets, including the rights and licenses to use the Del Monte and S&W brands for shelf-stable packaged ambient fruit and ambient fruit sauces, in the United States (including Puerto Rico) and Mexico. The Sale Transactions are expected to close in the first quarter and are subject to customary closing conditions.

Fresh Del Monte announced that it has been named the successful bidder to acquire select assets of California-based Del Monte Foods Corporation for a purchase price of $285M, plus assumption of certain liabilities-through a court-supervised sale under Section 363 of the U.S. Bankruptcy Code. The transaction remains subject to court approval and applicable regulatory clearances, including Hart-Scott-Rodino clearance. The sale hearing is scheduled for January 28, 2026, with closing expected by the end of the first quarter of 2026, subject to necessary approvals. Under the bid, Fresh Del Monte would acquire: prepared and packaged foods businesses comprising vegetable, tomato, and refrigerated fruit business assets, including Del Monte and S&W packaged vegetable brands, Del Monte, Contadina, and Take Root Organics packaged tomato brands, the Del Monte refrigerated fruit brand, and the Joyba beverage brand. An operational footprint including selected U.S. facilities in Texas, Illinois, Wisconsin, and Washington, two facilities in Mexico, and one operation in Venezuela. Material customer and supplier contracts and inventory at closing to support uninterrupted service. Global ownership of the Del Monte brand, subject to existing licensing arrangements across different regions and categories, including all U.S. rights to the Del Monte, S&W, Contadina, and Joyba trademarks, as well as certain operating assets and employees in the United States, Mexico, and Venezuela. Excluded from the transaction are the canned fruit, and other ambient packaged fruit and fruit sauce products for the U.S., Puerto Rico and Mexico markets, under the Del Monte and S&W brands, along with physical assets associated with these businesses in those countries, as well as the broth and stock businesses under the College Inn and Kitchen Basics brands. Following closing, Fresh Del Monte plans to steward the acquired brands through a dedicated business unit, ensuring continuity for retailers, foodservice partners, suppliers, and consumers, with no immediate changes expected to products on shelf. Fresh Del Monte intends to finance the acquisition through a combination of cash on hand and availability under its revolving credit facility.