ConAgra Foods, Inc., Omaha, Neb., said it agreed to purchase Del Monte Canada Inc., Toronto, from an affiliate ofSun Capital Partners.Terms were not disclosed. Officials said the deal involves all Del Monte branded packaged fruit, fruit snacks and vegetable products in Canada, as well as Aylmer tomato products.
Del Monte fresh produce, juices, and Aylmer soups will remain under separate ownership.
The agreement also includes a manufacturing facility in Dresden, Ontario, and headquarters offices in Toronto. Officials said Del Monte Canada has 190 employees and fiscal 2011 revenue of approximately $150 million. The transaction is subject to the satisfaction of closing conditions as well as applicable regulatory reviews.
Sun Capital portfolio companies, includeCreekstone Farms Premium Beef, a leading processor of the highest quality Black Angus beef;Harry’s Fresh Foods, a producer of premium home–style refrigerated foods for the retail and foodservice markets; andSunrise Growers–Frozsun, a leading value–added supplier of frozen and fresh strawberry products.
ConAgra to buy Del Monte Canada
January 19, 2012