We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Del Monte Corp. Announces Plan To Sell Canned-Food Business

June 13, 2013: 12:00 AM EST
Del Monte Corp. said it is planning to sell its canned-food business, which has made it popular among consumers, to focus on manufacturing products for dogs and cats. Acquired for around $4 billion by a group of private-equity investors led by KKR &Co., Del Monte operates a canned-food business that generates about $1.8 billion in sales annually, or about half of the company's total sales of $3.7 billion in 2012. Centerview Partners and Morgan Stanley were reportedly hired to market the canned-food unit, which is likely to be priced around $2 billion.
DANA MATTIOLI and MIKE SPECTOR, "Del Monte Canned-Food Business Is Up for Sale", Wall Street Journal, June 13, 2013, © Dow Jones & Company, Inc.
North America
United States of America
Companies, Organizations
Deals, M&A, JVs, Licensing
Products & Brands
Developed by Yuri Ingultsov Software Lab.