Del Monte Foods Completes Auction, Transfers Key Assets to New Owners

In a significant development for the food industry, Del Monte Foods Corporation II Inc. has concluded a court-supervised auction process, successfully selecting three bidders for its operations and assets. This strategic move not only highlights the enduring value of Del Monte's brands but also ensures the continuity of high-quality food products for consumers. The auction, which took place in January 2026, resulted in asset purchase agreements with well-regarded companies, thus marking a pivotal moment in Del Monte's transformation.

Successful Bidders and Assets

Del Monte Foods announced that it has finalized agreements with three prominent bidders: Fresh Del Monte Produce Inc., BG Foods, Inc., and Pacific Coast Producers. Each company will acquire specific segments of Del Monte's operations:

1. Fresh Del Monte Produce Inc. (NYSE FDP): This company will take over Del Monte's vegetable, tomato, and refrigerated fruit business assets, which include popular brands such as Del Monte® and SW® packaged vegetables, Contadina®, and the Del Monte refrigerated fruit brand. This transition also includes ownership of the Del Monte brand and its related intellectual properties.
2. BG Foods, Inc. (NYSE BGS): BG Foods will acquire all assets pertaining to Del Monte's Broth and Stock segment, encompassing brands like College Inn® and Kitchen Basics®.
3. Pacific Coast Producers: This firm is set to take control of the shelf-stable fruit business, which includes the rights to use the Del Monte® and SW® brands for shelf-stable packaged fruits and sauces in the U.S. and Mexico.

These sales pave the way for ongoing operations under new management while ensuring that Del Monte Foods can maintain its commitment to quality.

Transition and Support

Greg Longstreet, the CEO of Del Monte Foods, underscored the importance of this transaction by stating, "This outcome represents a successful result in our sale process and demonstrates the enduring value of Del Monte Foods' brands and operations." He expressed optimism regarding the future, emphasizing that this acquisition would empower these beloved brands to flourish under recognized leaders in the food sector.

In anticipation of the transition, Del Monte Foods remains dedicated to supporting its employees, growers, vendors, and suppliers. The firm is committed to a smooth operation transition and continues to fulfill customer needs across its extensive brand portfolio.

Auction Process and Court Approval

The selection of the successful bidders follows a comprehensive examination of numerous proposals during the sale process. The agreements necessitate approval from the U.S. Bankruptcy Court for the District of New Jersey, with a hearing scheduled for January 28, 2026. Following court approval, ownership transitions will proceed, with expectations of completing these transactions by the end of Q1 2026.

Del Monte Foods aims to maintain its high standards of quality while navigating through this change. "We are grateful to our team members and partners for their unwavering commitment during this time of transformation," Longstreet added.

Commitment to Quality and Sustainability

As Del Monte Foods embarks on this new chapter, it continues to focus on delivering nutritious and delicious food options to consumers. With a rich legacy of nearly 140 years, the company takes pride in its commitment to responsible sourcing and producing food that contributes to a healthier future for all. Products under the Del Monte brand, including Contadina®, Kitchen Basics®, and JOYBA®, exemplify this dedication.

For further inquiries about the chapter 11 process or to connect with the company, stakeholders are encouraged to reach out via the official claims agent, Stretto, at their given contact information.

Del Monte Foods is committed to providing consumers with not just food but the reassurance that every product embodies quality, care, and sustainability. As this transition unfolds, the company aims to remain synonymous with premium packaged goods in the marketplace and uphold its mission of nourishing families across the globe.