Jan. 15 at 3:04 PM
Fresh Del Monte Produce was named the winning bidder in the court-supervised sale of Del Monte Foods, marking a strategic acquisition for the fresh produce company. The proposed transaction is valued at
$285 million, with a court sale hearing scheduled for January 28, 2026. Subject to court approval, the deal is expected to close by the end of the first quarter of 2026.
The acquisition will be funded through a mix of cash on hand and borrowings under Fresh Del Monte’s revolving credit facility, allowing the company to maintain financial flexibility. Management views the transaction as an opportunity to expand its portfolio and strengthen its competitive position, while the ongoing court-supervised process will continue through the scheduled hearing later this month to finalize the sale.
$FDP