“Over the last two years, significant investments have been made into the 100-year-old iconic Del Monte brand,” said Nils Lommerin, CEO of DMFI. “This deal allows for complete focus on the strategic direction of the Del Monte brand, backed by a visionary and strategic parent in Del Monte Pacific, and positions us to capture significant growth opportunities as Del Monte Foods moves forward.”
DMPL owns the Del Monte brand in the Philippines, where it is the market leader across major food and beverage categories. The brand also has a growing presence in India through FieldFresh Foods, DMPL’s joint venture with Bharti Enterprises, one of India’s largest conglomerates.
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