date:Jun 18, 2013
US-based food production and distribution company Del Monte is considering the sale of its canned food business as part of the plan to focus on pet food business.
The canned food division manufactures canned vegetables, fruit cups and soup broths and has sales of about $1.8bn annually which represents half of the company's revenues.
The proposed sale is in the advanced stages and the company is gauging interest from potential buyers of the division, reports The Wall Street Journal, citing sour