ConAgra to Acquire Del Monte Canada

Jan. 18, 2012
Sun Capital Partners affiliate selling only packaged products, not fresh.

ConAgra Foods Inc. continues a bit of a recent shopping spree, announcing on Jan. 17 an agreement to acquire Toronto-based Del Monte Canada Inc., supplier of packaged fruits, fruit snacks and vegetables, from an affiliate of Sun Capital Partners.

The price was not disclosed, but the company has 190 employees and sales of about $150 million. The deal includes a manufacturing facility in Dresden, Ontario, and headquarters offices in Toronto.

The agreement includes all Del Monte-branded packaged fruit, fruit snacks and vegetable products in Canada, as well as Aylmer tomato products. Del Monte fresh produce and juices and Aylmer soups will remain under separate ownership.

“The acquisition of Del Monte Canada supports our strategic growth plan,” said Gary Rodkin, CEO of ConAgra, Omaha, Neb. “It will grow our position in North American tomato products, expand our vegetable product line and add packaged fruit and fruit snacks to our portfolio.”

The acquisition apparently will be made part of ConAgra Foods Canada Inc., which already has more than 300 employees at three locations, including its Canadian headquarters in Mississauga, Ontario.

ConAgra recently acquired National Pretzel Co. and increased its ownership share of Agro Tech Foods Ltd. in India.

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