Officials with Philippines-based Del Monte Pacific Ltd. have closed a $1.67 billion deal, buying the consumer products division and brands from Del Monte Foods Inc., San Francisco.
Neither company is affiliated with similarly named companies in the fresh produce industry, including Fresh Del Monte Produce Inc., Coral Gables, Fla.
The purchase by the Philippines" Campos family, which is the majority owner of Del Monte Pacific, means the company now owns consumer brands for canned fruits and vegetables including Del Monte, S& W, Contadina, College Inn, Fruit Naturals, Orchard Select and SunFresh, according to a news release from Del Monte Pacific.
The San Francisco-based Del Monte Foods Inc. will continue to operate its pet products divisions, which Del Monte Pacific did not buy, under the name Big Heart Pet Brands, according to the Pittsburgh Post-Gazette. Those brands include Milk-Bone, Meow Mix, Natural Balance, Kibbles ‘n Bits, 9Lives, Nature"s Recipe and Pup-Peroni.