WALNUT CREEK, CALIF. – Del Monte Foods, Inc. has acquired the Kitchen Basics line of ready-to-use broths and stocks from McCormick & Co., Hunt Valley, Md. Terms of the acquisition were not disclosed.
The Kitchen Basics line features conventional and organic stocks and broths. It was founded in 1996.
“We’ve seen heightened interest in broth and stocks over the last few years as consumers double down on home meal preparation, health and wellness,” said Bibie Wu, chief marketing officer of Del Monte Foods. “Kitchen Basics is well-known for its culinary quality. We’re excited to bring Kitchen Basics into the Del Monte family of brands to help people create healthful meals they love.”
Greg Longstreet, president and chief executive officer, added, “As we plan for the next decade of growth, we're committed to strengthening our branded product portfolio to meet consumers’ changing needs. Building on our regional College Inn brand, the acquisition of Kitchen Basics will provide synergies across our business to scale our broth and stock portfolio across North America.”
