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Del Monte Foods has selected three successful bidders for substantially all of its assets following a court-supervised auction process, setting the stage for the transition of its major business segments to new ownership.

The company announced it has entered into asset purchase agreements with Fresh Del Monte Produce, B&G Foods and Pacific Coast Producers. The transactions cover Del Monte Foods’ key operating businesses and are intended to allow the brands and operations to continue under new owners.

Under the proposed transactions, Fresh Del Monte Produce will acquire Del Monte Foods’ vegetable, tomato and refrigerated fruit businesses. The deal includes the Del Monte and S&W packaged vegetable brands; Del Monte, Contadina and Take Root Organics packaged tomato brands; the Del Monte refrigerated fruit brand; and the Joyba beverage brand. Fresh Del Monte will also assume global ownership of the Del Monte brand and related intellectual property, subject to existing licensing arrangements.

B&G Foods will acquire Del Monte Foods’ Broth & Stock business, including the College Inn and Kitchen Basics brands. Meanwhile, Pacific Coast Producers will acquire the company’s shelf-stable fruit business assets, excluding production facilities. That transaction includes rights and licenses to use the Del Monte and S&W brands for shelf-stable ambient fruit and fruit sauces in the United States, Puerto Rico and Mexico.

According to the company, the selected bids represent the highest or otherwise best offers following a comprehensive sale process. Del Monte Foods said the transactions provide a clear path forward for its assets and brands to continue operating under established food industry players.

“This outcome represents a successful result in our sale process and demonstrates the enduring value of Del Monte Foods’ brands and operations,” said Greg Longstreet, CEO of Del Monte Foods. “These transactions will create an opportunity for our brands and businesses to thrive under the ownership of three leading companies in the food industry.”

The sale transactions remain subject to approval by the US Bankruptcy Court for the District of New Jersey, with a hearing scheduled for 28 January 2026, as well as customary closing conditions. The company expects the transactions to close by the end of the first quarter of 2026.

Del Monte Foods said it continues to operate normally during the process, fulfilling customer orders and supporting employees, growers, suppliers and other partners.