M&A
confidence high
sentiment positive
materiality 0.85
Fresh Del Monte completes $285M acquisition of Del Monte Foods' packaged foods business
FRESH DEL MONTE PRODUCE INC
- Purchase price $285M plus assumed liabilities; funded via cash on hand and revolving credit facility.
- Acquired canned vegetable, tomato, refrigerated fruit businesses under Del Monte, S&W, Contadina brands.
- Includes four US facilities, two in Mexico, one in Venezuela and global ownership of Del Monte brand.
- Amendment to APA added contracts, clarified employee benefits, addressed pre-closing cybersecurity incident.
- Financial statements and pro forma info to be filed within 71 days if required.