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Del Monte Foods buys assets of Snokist Growers
date:Jun 09, 2012
ain creditors - Rabo AgriFinance, KeyBank and Community Bank.
During the bidding process, Snokist Growers planned to strike a deal with Truitt Brothers, which offered $42.5m for the cooperative's inventory and assets; however, the deal failed after Truitt Brothers was unable to secure enough funds to make the purchase.
Meanwhile, Pacific Coast Producers (PCP), which was a distributor for Snokist, and Del Monte Foods together offered a $27.7m bid for Snokist Growers, which was approved by a US Ba

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