date:Feb 20, 2014
Del Monte Pacific (DMPL), a Singapore-based food and beverage firm, has closed the acquisition of Del Monte Foods' (DMF) Consumer Products business for $1.67bn.
The acquired entity will now be renamed as Del Monte Foods (DMFI). The takeover includes Del Monte, SW, Contadina and College Inn brands, which generated $1.8bn in sales and $164m in EBITDA in 2013.
DMFI CEO Nils Lommerin said, Over the last two years, significant investments have been made into the 100-year-old iconic Del Monte brand.