Fresh Del Monte Produce

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.

Fresh Del Monte Produce Inc. was incorporated under the laws of the Cayman Islands on August 29, 1996. The company was spun off from the former Del Monte Corporation as part of a corporate restructuring. Fresh Del Monte Produce operated independently from Del Monte Foods, the US canned food company, since that time. Both companies used the Del Monte brand under separate licensing arrangements.

Under the leadership of Mohammad Abu-Ghazaleh, who has served as Chairman and CEO since the company's inception, Fresh Del Monte grew into one of the world's largest fresh produce companies. The Abu-Ghazaleh family has maintained approximately 30 percent ownership of the company's outstanding shares.

Fresh Del Monte expanded its business beyond fresh produce through acquisitions and organic growth. The company developed prepared food operations in Europe, Africa, and the Middle East, producing prepared fruit and vegetables, juices, beverages, and snacks. The company also built a third-party freight and logistics business and a poultry and meats operation in Jordan.

The company divested its Mann Packing business, a fresh-cut vegetable operation, as part of portfolio optimization. This divestiture allowed Fresh Del Monte to focus on its core fresh fruit and prepared food categories.

In 2025, Fresh Del Monte reported net sales of $4.32 billion, an increase from $4.28 billion in 2024. FDP net income was $90.7 million, with adjusted FDP net income of $177.7 million. The company's gross profit for 2025 was $381.5 million.

In January 2026, Fresh Del Monte was selected as the successful bidder in a court-supervised bankruptcy auction for assets of Del Monte Foods Corporation II Inc. Del Monte Foods had filed for Chapter 11 bankruptcy protection in 2025. The acquisition, completed in March 2026, included Del Monte Foods' vegetable, tomato, and refrigerated fruit business assets, along with global ownership of the Del Monte brand and related intellectual property. The purchase price was $285 million plus assumption of certain liabilities.

This acquisition was significant because it brought the Del Monte brand under a single owner for the first time in nearly four decades. Previously, the Del Monte brand was split among multiple companies worldwide, including Fresh Del Monte Produce (fresh produce), Del Monte Foods (US packaged foods), Del Monte Pacific Limited (Asia-Pacific), and others. The transaction also included brands such as S&W, Contadina, Take Root Organics, and Joyba.

Fresh Del Monte has been recognized as one of America's Most Trusted Companies by Newsweek three times. The company was also named a Humankind 100 Company by Humankind Investments for two consecutive years and has received SEAL Business Sustainability Awards four times in five years (2021, 2023, 2024, and 2025).

Fresh Del Monte has faced several controversies and regulatory challenges over its history.

In 2025, Del Monte Foods Corporation II Inc., a separate company that licensed the Del Monte brand for packaged foods, filed for Chapter 11 bankruptcy protection. The bankruptcy raised concerns about the Del Monte brand's stability and the future of the packaged foods business. Fresh Del Monte's acquisition of the assets in March 2026 resolved this uncertainty but also raised questions about the integration of a bankrupt business.

The company's Cayman Islands incorporation has drawn scrutiny from some corporate governance advocates who argue that offshore incorporation can reduce transparency. However, Fresh Del Monte is subject to SEC reporting requirements as a NYSE-listed company and files annual 10-K reports.

The Abu-Ghazaleh family's 30 percent ownership stake gives them significant influence over corporate decisions, which some governance advocates have noted could limit the board's independence. However, the company maintains independent directors and follows NYSE corporate governance standards.

As a major agricultural company, Fresh Del Monte faces ongoing scrutiny regarding labor practices, environmental impact, and pesticide use. The company employs over 31,000 seasonal and temporary workers, creating operational complexity and potential labor relations challenges. The company has invested in sustainability initiatives, including SEAL Business Sustainability Awards, to address environmental concerns.

The fresh produce industry is subject to food safety regulations across multiple jurisdictions. Fresh Del Monte must comply with FDA regulations in the United States, EU food safety standards, and regulations in other markets where it operates.