ConAgra to acquire Del Monte Canada
Jan. 17, 2012
OMAHA — ConAgra Foods, Inc. has agreed to acquire Del Monte Canada, Inc. from an affiliate of Sun Capital Partners.
The agreement includes the acquisition of all Del Monte packaged fruit, fruit snacks and vegetable products in Canada as well as Aylmer tomato products. Del Monte fresh produce, juices and Aylmer soups will stay under separate ownership. The acquisition also includes a manufacturing facility in Dresden, Ont., and headquarters in Toronto.
“The acquisition of Del Monte Canada supports our strategic growth plan,” said Gary Rodkin, chief executive officer. “It will grow our position in North American tomato products, expand our vegetable products line and add packaged fruit and fruit snacks to our portfolio.”
Del Monte Canada had fiscal 2011 revenue of about $150 million. Financial terms of the deal were not disclosed.