
Del Monte is a food brand founded in 1886 in San Francisco, California. The global Del Monte brand and related intellectual property were acquired by Fresh Del Monte Produce Inc. (NYSE: FDP) in March 2026 for $285 million through a court-supervised bankruptcy sale. Fresh Del Monte is headquartered in Coral Gables, Florida and reported $4.32 billion in net sales for fiscal year 2025.
Parent Company
Acquired
2026
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Del Monte | Fresh Del Monte Produce | Wholly owned |
Del Monte was founded in 1886 in San Francisco, California. The brand originated as a fruit canning operation, processing and canning fruits from California's Central Valley. The name "Del Monte" was reportedly inspired by the Del Monte Hotel, a prestigious resort in Monterey, California. The brand grew rapidly in the early 20th century as canned foods became a staple of American pantries.
In 1916, the California Fruit Canners Association was formed, consolidating multiple canning companies including the original Del Monte producer. This organization later became CalPack (California Packing Corporation), which marketed products under the Del Monte brand. Del Monte became one of the most recognized food brands in the United States, with advertising campaigns that helped establish canned fruits and vegetables as convenient, reliable pantry staples.
Throughout the 20th century, Del Monte expanded its product portfolio beyond canned fruits to include canned vegetables, fruit cups, juices, tomato products, and other processed food items. The company went public and became a major player in the American food industry. Del Monte's brand recognition was built through decades of national advertising, including television commercials and print campaigns that made the brand a household name.
In 2004, Del Monte Foods Inc. was taken private in a leveraged buyout by an investor group led by Texas Pacific Group and Goldman Sachs. The company continued to operate as a major US food brand but carried significant debt from the buyout.
In 2014, Del Monte Pacific Limited (DMPL), a Philippines-based food company 71 percent owned by the Campos family through NutriAsia, acquired Del Monte Foods Inc. for $1.67 billion. The acquisition brought the US canned food business under Philippine ownership. DMPL already owned Del Monte Philippines, which had operated under the Del Monte brand in Asia for decades under a licensing arrangement.
Under DMPL ownership, Del Monte Foods faced increasing competitive pressures. Consumer preferences shifted toward fresh, frozen, and minimally processed foods, reducing demand for traditional canned products. Private label brands captured market share in the canned food category. The company also carried significant debt from the 2014 acquisition and subsequent operations.
In July 2025, Del Monte Foods filed for Chapter 11 bankruptcy protection, seeking a buyer for the business. CEO Greg Longstreet stated that the filing was intended to facilitate a sale process that would allow the brands and operations to continue under new ownership. The bankruptcy proceedings were conducted in the US Bankruptcy Court for the District of New Jersey.
In January 2026, three successful bidders were announced. Fresh Del Monte Produce acquired the vegetable, tomato, and refrigerated fruit businesses plus global Del Monte brand IP for $285 million. B&G Foods acquired the College Inn and Kitchen Basics broth brands for approximately $110 million. Pacific Coast Producers acquired the shelf-stable fruit business assets. The transactions completed on March 19, 2026. Fresh Del Monte described the acquisition as reuniting the Del Monte brand under a single owner for the first time in nearly four decades.
What does Fresh Del Monte Produce do?
Fresh Del Monte Produce grows, markets, and distributes fresh and fresh-cut fruit and vegetables, bananas, and prepared foods in more than 80 countries. The company also operates third-party freight services, a poultry business in Jordan, and specialty ingredients operations. Following its March 2026 acquisition of Del Monte Foods' assets, the company also sells packaged foods including canned vegetables, tomatoes, and refrigerated fruit products.
Is Fresh Del Monte Produce publicly traded?
Yes, Fresh Del Monte Produce Inc. is publicly traded on the New York Stock Exchange under the ticker symbol FDP. The company is incorporated in the Cayman Islands and files annual 10-K reports with the SEC.
Who owns Fresh Del Monte Produce?
The Abu-Ghazaleh family directly owns approximately 30 percent of Fresh Del Monte's outstanding ordinary shares. The remaining shares are held by institutional and retail investors. Mohammad Abu-Ghazaleh serves as Chairman and CEO.
Is Fresh Del Monte the same as Del Monte Foods?
No. Fresh Del Monte Produce and Del Monte Foods were separate companies for nearly four decades. Fresh Del Monte focused on fresh produce, while Del Monte Foods produced canned and packaged foods. In March 2026, Fresh Del Monte acquired Del Monte Foods' vegetable, tomato, and refrigerated fruit businesses and the global Del Monte brand intellectual property through a bankruptcy asset sale for $285 million.
Where is Fresh Del Monte headquartered?
Fresh Del Monte Produce is incorporated in the Cayman Islands. Its US executive office is located at 241 Sevilla Avenue, Coral Gables, Florida 33134. The company's major producing operations are located in North, Central, and South America, Asia, and Africa.
What is Fresh Del Monte's annual revenue?
Fresh Del Monte reported net sales of $4.32 billion for fiscal year 2025, which ended December 26, 2025. This was an increase from $4.28 billion in 2024. The company's gross profit for 2025 was $381.5 million, with FDP net income of $90.7 million and adjusted FDP net income of $177.7 million.
What brands does Fresh Del Monte own?
Following the March 2026 acquisition, Fresh Del Monte owns the global Del Monte brand for both fresh produce and packaged foods. The company also owns S&W (packaged vegetables), Contadina (packaged tomatoes), Take Root Organics (organic packaged tomatoes), and Joyba (bubble tea beverages).
How many employees does Fresh Del Monte have?
Fresh Del Monte employs approximately 8,562 full-time employees, plus over 31,000 seasonal and temporary workers. The company's workforce spans operations in North, Central, and South America, Asia, and Africa.
Del Monte's sustainability practices are now guided by Fresh Del Monte Produce's corporate sustainability framework. Fresh Del Monte was the first global marketer of fruits and vegetables to commit to the Science Based Targets initiative. The company has received SEAL Business Sustainability Awards four times in five years (2021, 2023, 2024, and 2025) and has been named one of America's Most Trusted Companies by Newsweek three times.
Fresh Del Monte's sustainability commitments include reducing greenhouse gas emissions across its supply chain, responsible water management in agricultural operations, and sustainable packaging initiatives. The company's agricultural sourcing program includes requirements for responsible land use, biodiversity protection, and fair labor practices.
Del Monte's canned food products use steel cans, which are recyclable and contain high percentages of recycled content. Steel cans are one of the most recycled packaging formats in the United States, with recycling rates exceeding 70 percent. The brand has also explored lighter-weight can designs to reduce material usage.
As a food brand sourcing agricultural products, Del Monte's primary ethical considerations relate to farm labor practices, pesticide use, and water consumption. Fresh Del Monte's responsible sourcing program requires suppliers to meet environmental and social standards, and the company conducts regular audits of its agricultural supply chain.
The 2025 bankruptcy of Del Monte Foods raised questions about the long-term viability of the canned food business model. The bankruptcy resulted in job losses at some facilities and uncertainty for agricultural suppliers who depended on Del Monte Foods as a buyer. Fresh Del Monte's acquisition of the core business has preserved many jobs and supplier relationships, though the shelf-stable fruit and broth businesses were sold to separate buyers.
Del Monte is one of the most recognized food brands in the United States, with a heritage spanning more than 135 years. The brand has been featured in numerous consumer surveys and brand recognition studies as a trusted name in the canned food category.
Fresh Del Monte Produce, the brand's new owner, has been recognized as one of America's Most Trusted Companies by Newsweek three times, based on independent surveys rating companies on customer trust, investor trust, and employee trust. Fresh Del Monte was also named a Humankind 100 Company by Humankind Investments for two consecutive years, recognizing companies that impact access to food and clean water.
Fresh Del Monte has received SEAL Business Sustainability Awards four times in five years (2021, 2023, 2024, and 2025). The company was the first global marketer of fruits and vegetables to commit to the Science Based Targets initiative for emissions reduction.
Del Monte products have been featured in consumer product roundups and recommendations from food publications and lifestyle media. The brand's canned fruits and vegetables are commonly listed as pantry staples by cooking publications and budget-friendly food guides.
The most significant event in Del Monte's recent history is the July 2025 Chapter 11 bankruptcy filing of Del Monte Foods Corporation II Inc. The filing resulted from competitive pressures, changing consumer preferences toward fresh and minimally processed foods, private label competition, and debt obligations dating back to the 2014 DMPL acquisition and the earlier 2004 leveraged buyout.
The bankruptcy process resulted in the sale of Del Monte Foods' assets to three separate buyers in March 2026. Fresh Del Monte Produce acquired the vegetable, tomato, and refrigerated fruit businesses plus global brand IP for $285 million. B&G Foods acquired the College Inn and Kitchen Basics broth brands for approximately $110 million. Pacific Coast Producers acquired the shelf-stable fruit business assets. The breakup of the company raised concerns about brand consistency and product availability, though Fresh Del Monte stated that no immediate changes to products on shelf were expected.
Del Monte has faced occasional product recalls related to food safety concerns, including recalls for potential contamination in canned products. These incidents have been relatively infrequent, and the brand's canning process provides a shelf-stable product with a low risk of foodborne illness when manufactured properly.
The brand has faced criticism regarding the nutritional quality of canned foods, particularly the sodium content in canned vegetables and the sugar content in canned fruits. Some health advocates have raised concerns about BPA (bisphenol A) in can linings, though major can manufacturers have transitioned to BPA-free linings in recent years.
Del Monte has also faced scrutiny regarding its environmental impact, particularly water usage in agriculture and the carbon footprint of food processing and transportation. The brand's sustainability initiatives under Fresh Del Monte ownership are expected to align with the parent company's science-based emissions targets.
The 2025 bankruptcy and subsequent asset sale resulted in workforce reductions at some Del Monte Foods facilities. The transition to new ownership under three separate buyers created uncertainty for employees at affected facilities. Fresh Del Monte, B&G Foods, and Pacific Coast Producers each assumed responsibility for different portions of the workforce.
No direct competitors found in the same category. This could be because Del Monteoperates in a unique market segment or we're still building our competitor database.
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