Fresh Del Monte Produce, B&G Foods Win Bids to Acquire Del Monte Foods Assets

Fresh Del Monte Produce and B&G Foods have successfully bid to acquire assets from Del Monte Foods Corporation II, which is in Chapter 11 bankruptcy. Fresh Del Monte will take over Del Monte's vegetable, tomato, and refrigerated fruit businesses, while B&G Foods will acquire the Broth & Stock segment. Pacific Coast Producers will obtain the shelf-stable fruit business assets. Financial details remain undisclosed, and the transactions await approval from the US Bankruptcy Court, with a hearing set for January 28.