FDP acquires Del Monte Foods' canned/refrigerated food, Joyba bubble tea biz for $285M in bankruptcy sale

FRESH DEL MONTE PRODUCE INC

Court-approved asset purchase of canned vegetables, tomato, refrigerated fruit and bubble tea businesses under Del Monte, S&W, Contadina, Joyba brands.
Purchase price of $285M plus assumption of certain liabilities; funded from cash on hand and existing revolving credit facility.
Acquisition includes four US facilities, two in Mexico, one in Venezuela, and global ownership of Del Monte brand subject to existing licenses.
Expected closing in Q1 2026, subject to HSR clearance and other customary conditions; deal emerged from competitive Section 363 auction.
Seller Del Monte Foods is in Chapter 11; FDP was selected as successful bidder following bankruptcy court auction process.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FRESH DEL MONTE PRODUCE INC entered into Asset Purchase Agreement with Del Monte Foods Holdings Limited and certain of its affiliates (collectively “Del Monte Foods”, acting in their capacity as the Seller thereunder) valued at $285 million plus assumption of certain liabilities (effective 2026-02-06).

Action: entry
Agreement: asset purchase
Counterparty: Del Monte Foods Holdings Limited and certain of its affiliates (collectively “Del Monte Foods”, acting in their capacity as the Seller thereunder)
Value: $285 million plus assumption of certain liabilities
Effective: 2026-02-06

Exact text from the filing

On February 6, 2026, the U.S. Bankruptcy Court for the District of New Jersey (the “Court”) entered a sale order and approved the Asset Purchase Agreement (the “Asset Purchase Agreement”) by and among Fresh Del Monte Produce Inc. (the “Company” or “FDP” acting in its capacity as the Buyer thereunder), Del Monte Foods Holdings Limited and certain of its affiliates (collectively “Del Monte Foods”, acting in their capacity as the Seller thereunder).

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Source: SEC EDGAR

accession 0001047340-26-000009

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