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Del Monte Pacific buys canned food business for $1.7 billion
date:Oct 12, 2013
company that is strong in canned pineapple and tomato sauce, has been enjoying strong growth with net profit nearly trebling over the past three years to $32.1 million in 2012.

The transaction will give it an additional net sales of more than $1.8 billion.

This landmark transaction offers DMPL greater access to a well-established, attractive and profitable branded consumer food business in the world's biggest market, Del Monte Pacific's Chairman Rolando Gapud said in a statement. Del Monte Pac

12/24 04:54