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Fresh Del Monte Produce has completed the acquisition of select assets from Del Monte Foods in a deal valued at approximately $285 million, marking a significant step in the consolidation of the Del Monte brand across fresh and packaged categories.

The transaction, finalised in March 2026, forms part of a broader court-supervised sale process following Del Monte Foods’ Chapter 11 bankruptcy filing in 2025. The US bankruptcy court cleared the transaction in February, moving it into the pre-closing phase.

Under the agreement, Fresh Del Monte has acquired Del Monte Foods’ vegetable, tomato and refrigerated fruit businesses, including a portfolio of well-established brands such as Del Monte, S&W and Contadina, as well as the Joyba beverage line.

These assets also include selected production facilities across the US, Mexico and Venezuela, supporting continuity of supply and operations.

The deal is expected to reunify the Del Monte brand under a single global strategy for the first time in nearly four decades, creating a more integrated platform spanning both fresh and shelf-stable food categories.

Fresh Del Monte said the acquisition will strengthen its position in value-added and prepared food segments, while enabling greater brand consistency and innovation across categories. The company has indicated it will establish a dedicated business unit to manage the newly acquired portfolio and ensure a seamless transition for customers, suppliers and retail partners.

The purchase excludes certain business segments, including Del Monte Foods’ shelf-stable fruit operations and broth and stock brands, which have been acquired separately by other buyers as part of the wider divestment process.

Strategically, the move reflects Fresh Del Monte’s ambition to expand beyond its core fresh produce offering into higher-margin, branded and value-added categories, while leveraging the heritage and global recognition of the Del Monte name.

The acquisition comes at a time of ongoing transformation within the packaged food sector, as manufacturers respond to shifting consumer preferences and seek to rebalance portfolios towards fresh, convenient and premiumised products.