Fresh Del Monte Produce Inc (NYSE:FDP) said on Thursday that it has been chosen as the successful bidder in the court-supervised sale process for Del Monte Foods.
The proposed transaction carries a purchase price of $285 million. A sale hearing is scheduled for January 28, 2026, and the acquisition is expected to be completed by the end of the first quarter of 2026.
Fresh Del Monte said it intends to fund the deal using a combination of cash on hand and borrowings available under its revolving credit facility.
The court-supervised sale process will continue through the scheduled hearing later this month, at which point final approval of the transaction is expected.
More about Fresh Del Monte Produce
Fresh Del Monte Produce is a global producer, marketer, and distributor of fresh and fresh-cut fruits and vegetables. The company operates an integrated supply chain spanning farming, sourcing, shipping, and distribution, serving retail, foodservice, and wholesale customers worldwide.