User:Landplane123/sandbox8

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Not to be confused with Fresh Del Monte Produce.

Del Monte Foods
Company typePrivate
PSE: DELM
IndustryProcessed food
Founded1886; 138 years ago (1886)
Headquarters205 North Wiget Lane
Walnut Creek, California, United States
Area served
United States, Canada, Mexico, South America, Middle East, Philippines, Indian Subcontinent, Southeast Asia, and Kenya
Key people
Gregory Longstreet (CEO)
ProductsCanned fruit, fruit cups, canned vegetables, frozen vegetables, broth, sauce, and bubble tea
OwnerDel Monte Pacific Limited[1]
Number of employees
Increase 40,500 (2021)[2]
SubsidiariesIndustrias Citricolas de Montemorelos S.A. de C.V., College Inn Foods, S&W Fine Foods, Inc, Contadina Foods Inc, DLM Foods, The Meow Mix Company, LLC, Sager Creek Foods, Inc, Galapesca SA, Marine Trading Pacific Inc, Star-Kist International, S.A.[3]
Websitewww.delmontefoods.com

Del Monte Foods Inc. (doing business as Del Monte Foods) is an American food production and distribution company[4] headquartered in Walnut Creek, California.[5] Its portfolio of brands includes Del Monte, S&W, Contadina, College Inn, Kitchen Basics, Joyba, and Take Root.[6][7] Greg Longstreet is the current Chief Executive Officer of the Del Monte Foods.[8]


[9]

Incomplete information:

Current language: “In 2015, Del Monte Foods acquired Sager Creek, owner of the Vegetable, Freshlike, Popeye, Trappley's and Allen's brands of canned vegetables.[39]”

Complete information: We want to mention that Del Monte sold Sager Creek by adding: "Del Monte Foods sold the Sager Creek brands to McCall Farms in 2017.” https://business.inquirer.net/237313/del-monte-ph-sells-us-sager-creek-vegetable-business

https://www.foodbusinessnews.net/articles/10626-mccall-farms-to-acquire-sager-creek-brands-from-del-monte

Incorrect location

Current but incorrect language. “Also in 2015, Del Monte Foods moved its headquarters to Contra Costa Centre, California, from San Francisco.[40]

Correct language: Also in 2015, Del Monte Foods moved its headquarters to Walnut Creek, California.”

https://www.mercurynews.com/2015/04/30/del-monte-moving-headquarters-from-san-francisco-to-walnut-creek/

company has acquired the perpetual license of S&W branded dry soaked beans for North America from Del Monte Corp.

Faribault Foods announced Monday that the company has acquired the perpetual license of S&W branded dry soaked beans for North America from Del Monte Corp.

er 20, 2023}}</ref>

Faribault Jun 27, 2006 Updated May 11, 2012 Comments


[10]

Faribault Foods acquires S&W brand from Del Monte

[11]

Del Monte Foods is one of the country's largest producers, distributors and marketer of branded processed food for the U.S. retail market, generating approximately $1.73 billion of annual sales.[12]

Several Del Monte products hold the number one or two market share position.[13] The company also produces, distributes and markets private-label food.

History[edit]

Del Monte Foods' Pittsburgh headquarters. Del Monte shares the building with AT&T SportsNet Pittsburgh and the headquarters of former Del Monte subsidiary StarKist Tuna.

In the 1870s and 1880s, California became a major producer of fruits and vegetables. The Hotel Del Monte was a famous resort hotel on the Monterey Peninsula which first built the now Pebble Beach Golf Links. In the 1880s an Oakland, California foods distributor used the Del Monte name to market a premium blend of coffee that had been prepared for the hotel. By 1892, the firm expanded its business and selected Del Monte as the brand name for its new line of canned peaches. In 1898, the California Fruit Canners Association (CFCA) formed when 18 West Coast canning companies merged.[14] The Del Monte brand was one of several brands marketed by the new company.

1900s[edit]

Del Monte introduced the Del Monte Shield in 1909.[15] Under the leadership of George Newell Armsby, in 1916, CFCA added Alaska Packers Association, Central California Canneries, two canners, and Griffin & Skelley, a food brokerage house, incorporating itself as California Packing Corporation, or Calpak, and began selling its products under the Del Monte and Sunkist brands.[16][17] The new company grew to operate more than 60 canneries in Washington, Oregon, Idaho, Utah and Alaska. In 1917, it acquired pineapple farms and a cannery in Hawaii and, in the 1920s, added canneries in Florida and the Midwest, as well as in the Philippines. After WWII, it constructed or purchased more facilities overseas.[18] These multinational operations made the name California Packing Corporation obsolete, and in June 1967, the corporation adopted the name of its leading brand to become Del Monte Corporation.[19]

In 1972, Del Monte became the first major US food processor to voluntarily adopt nutritional labeling on all its food products, an innovation that made headlines throughout the country and applauded by government officials as a breakthrough in consumer education.

Del Monte became part of R.J. Reynolds Industries, Inc. (later RJR Nabisco, Inc.) in 1979. After being acquired by Kohlberg Kravis Roberts in 1988, RJR Nabisco sold several Del Monte divisions. The fresh fruit business was sold to Polly Peck.[20] RJR Nabisco retained Del Monte Canada and Venezuela. The remaining food processing divisions, known as Del Monte Foods, were sold to Merrill Lynch, Citicorp Venture Capital, and Kikkoman in 1989. Kikkoman separately acquired Del Monte brand in Asia (excluding Philippines, the Indian subcontinent and Myanmar). In 1990, the European division was subject to a management buyout and Hawaiian Punch was sold to Procter & Gamble.[21][22] Del Monte sold part of its Philippines division in 1991 and the remainder in 1996.[23] In 1993, Del Monte's dried fruit division was sold to Yorkshire Food Group.[24] In 1996, Del Monte sold its pudding division to Kraft.[25] In 1996, Del Monte Mexico was sold to Hicks, Muse, Tate & Furst; the Central American and Caribbean operations were also sold.[26][27]Texas Pacific Group acquired Del Monte in 1997.[28] Del Monte acquired Contadina from Nestlé in 1997 and reacquired Del Monte Venezuela from Nabisco in 1998.[29][30] Del Monte Foods again became a publicly traded company in 1999.

2000s[edit]

In 2002, Del Monte purchased several brands from US food giant Heinz in an all-stock transaction that left Heinz shareholders with 74.5% of Del Monte and original Del Monte shareholders with 25.5% of the company, and nearly tripled Del Monte Foods' size.[31] Del Monte subsequently established an East Coast headquarters in Pittsburgh, home of Heinz, in a building which sits on a portion of the site of Three Rivers Stadium.

Del Monte Foods plant

Del Monte acquired the worldwide rights to the SunFresh brand, a brand of premium citrus and tropical fruits, in 2000.[15] In March of the following year, it acquired the worldwide rights to the S&W brand of processed fruit, vegetable, tomato and specialty sauce products.[32]

On September 28, 2004, the site of Del Monte's former Plant No. 1 in San Francisco was dedicated as Del Monte Square. It was once the world's largest fruit and vegetable cannery.

In 2006, Del Monte became the second largest pet foods company upon divesting its US infant feeding business and US retail private label soup and gravy businesses and acquiring two key pet brands. The company sold its Soup and Infant Feeding business in April 2006 to TreeHouse Foods, Inc.[33] Del Monte bought Meow Mix in May 2006,[34] and acquired Milk-Bone in July of that year from Kraft Foods. Also in 2006, Del Monte sold the S&W bean line to Faribault Foods.[35]

As a precautionary measure, in 2007 Del Monte declared a voluntarily recall of several of brands of its pet foods due to the 2007 pet food recalls.

In June 2008, Del Monte announced the sale of its seafood division, StarKist, to South Korea-based Dongwon Enterprise Company. Dongwon purchased the business for $363 million. Del Monte stated that StarKist was no longer a good fit for the company and that they would be concentrating on pet food and higher margin produce.[36]

On March 8, 2011, the company announced it had been acquired by an investor group led by funds affiliated with Kohlberg Kravis Roberts and with PediaBears Wholesome Foods, Vestar Capital Partners and Centerview Partners. The stock was delisted from the New York Stock Exchange prior to the start of trading on March 9, 2011.[37]

On February 19, 2014, Philippines based food producer Del Monte Pacific Limited completed the purchase of Del Monte's consumer food business, for US$1.675 billion.[38] The remaining company consisted of the pet food division and was renamed Big Heart Pet Brands.[39] The J.M. Smucker Company acquired Big Heart Pet Brands in 2015 for $5.8 billion.[40]

In 2015, Del Monte Foods acquired Sager Creek, owner of the Vegetable, Freshlike, Popeye, Trappley's and Allen's brands of canned vegetables.[41] Also in 2015, Del Monte Foods moved its headquarters to Contra Costa Centre, California, from San Francisco.[42]

Del Monte Foods worldwide[edit]

Del Monte Foods markets packaged food products under the Del Monte brand in the United States.

Lotte Chilsung Partnership Del Monte Juice Products With South Korea In 1982.

Kikkoman acquired Del Monte Asia in 1989.

The Del Monte brand in Canada was retained by Nabisco when the rest of the business was sold. Nabisco merged with Kraft in 2000. In 2006 Kraft sold Del Monte and other underperforming assets to Sun Capital Partners and EG Capital.[43] ConAgra Foods acquired Del Monte Canada in 2012.[44] In 2018, Del Monte Canada was acquired by Bonduelle.[45]

Del Monte's Central American and Caribbean operations were sold to local investors in 1996.[27]

Del Monte Europe (including African operations) was subject to a management buyout in 1990 and renamed Del Monte International. Cirio acquired Del Monte International in 2001.[46] After Cirio's bankruptcy, Del Monte Europe was acquired by Fresh Del Monte Produce.[47]

Del Monte in India is produced by FieldFresh, a joint venture of Del Monte Pacific and Bharti Enterprises.[48]

In 1996, Del Monte Mexico was sold to Hicks, Muse, Tate & Furst.[26] It later became part of Hicks Muse holding International Home Foods, which was acquired by ConAgra Foods in 2000.

Del Monte sold stakes in Del Monte Philippines to Kikkoman and Del Monte International in 1991. In 1996 Del Monte and Kikkoman sold their stakes and Del Monte International and Macondray & Co., Inc. (owned by the Lorenzo family) became joint owners. Del Monte Pacific became the parent company and became publicly traded in 1999. Cirio acquired Del Monte International in 2001. In 2005, Macondray and Cirio sold their controlling stakes in Del Monte Pacific to NutriAsia, maker of UFC Catsup.[46][49] In 2014, Del Monte Pacific acquired Del Monte Foods.

The Del Monte brand in South America was retained by Nabisco when the rest of the business was sold. Del Monte Foods reacquired Del Monte South America from Nabisco in 1998.[30]

Fresh Del Monte Produce was created in 1989 when RJR Nabisco sold the fresh fruit division of Del Monte Foods to Polly Peck.[20] Mohammed Abu-Ghazaleh purchased Fresh Del Monte in 1996.[50] The company went public in 1997.[51]

Del Monte Dried Fruit was sold to Yorkshire Food Group in 1993. Yorkshire's US division became Premier Valley Foods. Premier Valley Foods was sold to a group led by Brent Enterprises in 2003.[52] Premier Valley was later acquired by Sunsweet Growers.[53]

Criticism and controversy[edit]

A 1953 Alcoa Aluminum advertisement featured a Del Monte Ketchup bottle with the caption "you mean a woman can open it?" The ad, which is sometimes mistakenly attributed to Del Monte, has been seen as a symbol of casual sexism in the United States during the 1950s.[54][55]

In 1977, Del Monte was accused of profiting from the South African apartheid regime after sardines used in some of the company's products were found to have been sourced from the coast of Namibia which was under South African control at the time. The revelation caused uproar among international civil rights organizations, with some activists calling for a boycott of Del Monte products.[56]

In January 2007, Del Monte Foods was accused of opposing efforts by the United States Congress to apply the continental minimum wage to the lower-paying tuna packing plants in American Samoa. On January 16, 2007, Melissa Murphy Brown, spokesperson for Del Monte, stated that the application would "severely cripple the local economy." She also stated that "For over 50 years, the Federal Department of Labor has provided that wages in U.S. territories, including American Samoa, be set by a federally appointed wage board, following public hearings".[57]

Del Monte Foods products[edit]

Consumer brands[edit]

  • Del Monte
    • Fresh Cut
    • Orchard Select
    • SunFresh
    • Superfruit
    • Fruit Naturals
    • Fruit Chillers
    • Fruit Undressed
  • S&W (S&W Fine Foods, acquired in 2001)
  • Contadina
  • College Inn
  • Fruit Burst
  • Frozen Meals
  • Fit 'n Right
  • Quick 'n Easy
  • Vinamilk

Images[edit]

  • Del Monte Lite Pear Halves
    Del Monte Lite Pear Halves
  • 1932 magazine advertisement for a variety of canned fruit products
    1932 magazine advertisement for a variety of canned fruit products
  • Del Monte banana
    Del Monte banana

See also[edit]

References[edit]

  1. ^ C. O. Sison, Ignacio (August 13, 2015). SEC Form 17-A (Report). Philippine Stock Exchange.
  2. ^ |url=https://www.owler.com/company/freshdelmonte
  3. ^ |url=https://www.google.com/search?biw=1366&bih=625&ei=7ukKYMiCJca_tQaG2YqwDA&q=del+monte+subsidiaries&oq=del+monte+subsidiaries&gs_lcp=Cgdnd3Mtd2l6EAMyBggAEAcQHjIGCAAQBxAeMgYIABAHEB4yAggAMggIABAHEAUQHjIICAAQBxAFEB46BAgAEEdQss9NWOHWTWC52E1oAXACeACAAasBiAG-ApIBAzAuMpgBAKABAaoBB2d3cy13aXrIAQjAAQE&sclient=gws-wiz&ved=0ahUKEwjIsZTA6K_uAhXGX80KHYasAsYQ4dUDCA0&uact=5
  4. ^ "Locations".
  5. ^ "Company Fact Sheet." Archive
  6. ^ "Del Monte Foods Acquires Kitchen Basics; Greg Longstreet and Bibie Wu Comment". Deli Market News by Jenna Plasterer. August 5, 2022. Retrieved August 20, 2023.
  7. ^ "Del Monte Brings Joyba Bubble Tea to U.S. Retail Stores Like Costco, Target by Aaron Kiel". World Tea News. October 20, 2021. Retrieved August 20, 2023.
  8. ^ "Nils Lommerin: Executive Profile & Biography - Businessweek". Businessweek.com.[dead link]
  9. ^ "Del Monte Helped Pave The Way For Nutritional Food Labels by Brianna Corley". Tasting Table. November 14, 2022. Retrieved September 20, 2023.
  10. ^ "Foods spills beans on acquisition of new product line". Faribault. June 27, 2006. Retrieved August 20, 2023.
  11. ^ "Nicole Modic Partners With Veggieful To Save You Time And Money In The Kitchen - Exclusive Interview by Hanna Claeson". Mashed. April 30, 2023. Retrieved August 20, 2023.
  12. ^ "Del Monte Foods Holdings Limited and Subsidiaries Consolidated Financial Statements" (PDF). Del Monte Foods. April 30, 2023. Retrieved August 20, 2023.
  13. ^ "Investor Fact Sheet". Del Monte Foods. September 2011. Archived from the original on January 13, 2016. Retrieved November 8, 2011.
  14. ^ "The Corporation". History San Jose. Archived from the original on November 14, 2011. Retrieved November 7, 2011.
  15. ^ a b "Our History". Del Monte Foods. Archived from the original on April 13, 2013. Retrieved November 7, 2011.
  16. ^ "California Packing Corporation - Packing Houses of Santa Clara County". vasonabranch.com. Retrieved October 25, 2018.
  17. ^ "Del Monte Foods - FoundSF". foundsf.org. Retrieved October 25, 2018.
  18. ^ William Braznell (1982). California's finest: The history of the Del Monte Corporation and the Del Monte brand. San Francisco: Del Monte Corp.
  19. ^ Chris Carlsson. "Del Monte Foods". San Francisco Museum and Historical Society. Retrieved November 7, 2011.
  20. ^ a b "British Conglomerate to Buy Part of Del Monte From RJR". Los Angeles Times. Associated Press. September 8, 1989. ISSN 0458-3035. Retrieved February 9, 2015.
  21. ^ "COMPANY NEWS - Del Monte Buyout". The New York Times. April 18, 1990. Retrieved February 9, 2015.
  22. ^ "Del Monte Selling Hawaiian Punch to Proctor & Gamble". Los Angeles Times. January 26, 1990. Retrieved February 9, 2015.
  23. ^ Hawkins, Richard A. (November 15, 2011). A Pacific Industry: The History of Pineapple Canning in Hawaii. I.B. Tauris. ISBN 978-1848855960.
  24. ^ "Del Monte buy bears fruit for Yorkshire - Sport". The Independent. October 23, 2011. Retrieved February 9, 2015.
  25. ^ "Kraft Reaches For Shelf To Sweeten Its Pudding Line". Chicago Tribune. Retrieved February 9, 2015.
  26. ^ a b "HICKS, MUSE ACQUIRES DEL MONTE UNIT IN MEXICO". The New York Times. October 31, 1996. ISSN 0362-4331. Retrieved February 9, 2015.
  27. ^ a b "DEL MONTE FOODS CO, Form S-4/A, Filing Date Mar 20, 1998". secdatabase.com. Retrieved May 15, 2018.
  28. ^ Times Staff: Wire Reports (March 1, 1997). "Investor Group to Buy Del Monte Foods". Los Angeles Times. ISSN 0458-3035. Retrieved February 9, 2015.
  29. ^ "Del Monte to Buy Contadina Line From Nestle". Los Angeles Times. Bloomberg News. November 15, 1997. ISSN 0458-3035. Retrieved February 9, 2015.
  30. ^ a b "Nabisco to Sell Del Monte Business in Venezuela". Retrieved February 9, 2015.
  31. ^ "Del Monte absorbs Heinz brands". FoodNavigator.com. June 14, 2002. Retrieved November 8, 2011.
  32. ^ "A Fine Recipe". S&W Fine Foods. Archived from the original on January 9, 2012. Retrieved November 7, 2011.
  33. ^ "Del Monte Foods Completes Sale of Private Label Soup and Infant Feeding Businesses to TreeHouse Foods, Inc" (Press release). Del Monte Foods. April 24, 2006.
  34. ^ "Del Monte Foods Completes Meow Mix Acquisition" (Press release). Del Monte Foods. May 19, 2006.
  35. ^ "Faribault Foods acquires S&W brand from Del Monte - Minneapolis / St. Paul Business Journal". Retrieved February 9, 2015.
  36. ^ "Del Monte sells seafood unit to Korea's Dongwon". USA Today. USA Today.com. June 30, 2008. Retrieved November 8, 2011.
  37. ^ "Welcome to the Del Monte Foods Investor Relations section of Delmontefoods.com" (Press release). Del Monte Foods. March 8, 2011. Archived from the original on December 24, 2008. Retrieved November 8, 2011.
  38. ^ "Del Monte Pacific completes acquisition of Del Monte Corp. for $1.675B". GMA News Online. February 20, 2014.
  39. ^ Lindeman, Teresa F. (February 19, 2014). "Del Monte Foods pet products division gets new name". Pittsburgh Post-Gazette.
  40. ^ Mackinnon, Jim (February 3, 2015). "J.M. Smucker adds major pet food brands in 'transformational' $5.8 billion purchase". Akron Beacon Journal. Retrieved June 27, 2022.
  41. ^ Sager Creek, former Allens, sells to Del Monte for $75 million
  42. ^ Del Monte moving headquarters from San Francisco to Walnut Creek
  43. ^ "Kraft Canada sells grocery assets to Sun Capital Partners and EG Capital Group". AltAssets Private Equity News. November 30, 2001. Retrieved February 9, 2015.
  44. ^ "Sun Capital Partners, Inc. - Affiliate of Sun Capital Partners, Inc. Sells Del Monte Canada to ConAgra Foods". suncappart.com. January 17, 2012.
  45. ^ "Bonduelle to acquire Del Monte processed fruit and vegetable business in Canada". CBC Windsor. February 20, 2018.
  46. ^ a b "Welcome to Del Monte - About Us - Milestones". Archived from the original on February 9, 2015. Retrieved February 9, 2015.
  47. ^ "COMPANY NEWS; FRESH DEL MONTE TO BUY DEL MONTE FOODS EUROPE". The New York Times. July 16, 2004. ISSN 0362-4331. Retrieved February 9, 2015.
  48. ^ Staff Reporter (November 2, 2010). "Bharti unveils FieldFresh in joint venture with Del Monte". The Hindu. Hosur. ISSN 0971-751X. Retrieved February 9, 2015.
  49. ^ "SMC, Campos team up to acquire Del Monte". The Philippine Star. Retrieved February 9, 2015.
  50. ^ "Arabian Business Power 500 2013 - ArabianBusiness.com". Retrieved February 9, 2015.
  51. ^ "Fresh Del Monte Sells 16 Million Shares At $16 - Orlando Sentinel". Archived from the original on February 9, 2015. Retrieved February 9, 2015.
  52. ^ "Dried fruits. (Markets). - The Food Institute Report". Archived from the original on March 29, 2015. Retrieved February 9, 2015.
  53. ^ Key and Company Credentials
  54. ^ "Del Monte Ketchup: 'You mean a woman can open it?' - Photos - 'Mad Men' premiere: Sexist ads from the era of Don Draper". NY Daily News. Retrieved April 1, 2017.
  55. ^ "Beyond Belief: Shocking vintage adverts from the 'Golden Age'". The Telegraph. Archived from the original on January 12, 2022. Retrieved April 1, 2017.
  56. ^ "Del Monte profits from apartheid". January 1977.
  57. ^ "Pelosi moves to close Samoa wage loophole". The Washington Times. WashingtonTimes.com. January 13, 2007. Retrieved November 8, 2011.

External links[edit]

Wikimedia Commons has media related to Del Monte Foods.


Category:Agriculture companies of the United States Category:Animal food manufacturers Category:Companies based in Contra Costa County, California Category:Food and drink companies established in 1886 Category:1886 establishments in California Category:Companies formerly listed on the New York Stock Exchange Category:Cuisine of the San Francisco Bay Area Category:Private equity portfolio companies Category:Food and drink in the San Francisco Bay Area Category:Agriculture in California Category:Superfund sites in Hawaii Category:Kohlberg Kravis Roberts companies Category:Fruit production Category:Food and drink companies based in California Category:2014 mergers and acquisitions Category:Condiment companies of the United States Category:Banana production

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