date:Jul 10, 2013
San Francisco-based Del Monte Foods, which is backed by private equity firms including KKR Co LP and Centerview Partners, has been exploring a sale of its slow-growing canned foods business as it looks to concentrate on its pet foods unit, the sources said.
Del Monte Foods is speaking to companies in the food industry about the sale and has not focused on talks with private equity buyers, the sources said, adding that the process is still in the early stages. A deal could be valued at over $1.