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Del Monte Pacific buys canned food business for $1.7 billion
date:Oct 12, 2013
Singapore-listed Del Monte Pacific Ltd (DMPL.SI) will buy the canned food business of private equity-backed Del Monte Foods Consumer Products Inc for $1.7 billion, gaining a direct presence in the key U.S. market and reuniting a substantial portion of the Del Monte brand family.

Shares in Del Monte Pacific surged 10 percent on the deal.

It said the acquisition will give it the No. 1 branded position in major canned fruit and vegetable categories in the United States as well as the opportunity

12/24 01:02