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Del Monte Pacific buys canned food business for $1.7 billion
date:Oct 12, 2013
to offer some of its own products to the large and fast-growing Asian and Hispanic populations there.

The deal will also allow San Francisco-based Del Monte Foods to concentrate on its pet foods unit, including the recent acquisition of Natural Balance. Del Monte Foods was acquired in 2011 by KKR Co LP (KKR.N), Vestar Capital Partners and Centerview Capital in a deal valued at $5.3 billion.

With the sale of its canned food business, the company plans to change its name.

Del Monte Pacific, a

12/24 02:55