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LetMyPeopleVote

(174,290 posts)
Tue Dec 16, 2025, 05:24 PM Dec 16

Del Monte Foods, maker of popular canned goods, files for bankruptcy

Source: Washington Post

Del Monte Foods, the nearly 140-year-old company whose canned fruits and vegetables have long been grocery store staples, has filed for bankruptcy as it grapples with mounting debt, post-pandemic headwinds and shifts in consumer spending.

The company announced Tuesday that it had voluntarily initiated Chapter 11 proceedings and reached an agreement with its lenders to sell most or all of its assets.

The company owes more than $1.23 billion in long-term secured debt.

“After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods,” Greg Longstreet, the president and CEO of Del Monte Foods, said in a statement.



Read more: https://www.washingtonpost.com/business/2025/07/03/del-monte-foods-files-bankruptcy



Another American Icon down the tubes.

Del Monte Foods, maker of popular canned goods, files for bankruptcy

www.washingtonpost.com/business/202...

OneTinSoldier (@abluedotinaredsea.bsky.social) 2025-07-03T12:39:28.738Z
32 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Del Monte Foods, maker of popular canned goods, files for bankruptcy (Original Post) LetMyPeopleVote Dec 16 OP
Damn................. Lovie777 Dec 16 #1
Thanks Trump! Del Monte foods is going out of business. LetMyPeopleVote Dec 16 #2
All of their company executives voted for the fat orange imbecile wolfie001 Dec 16 #11
Bullshit -- Del Monte was in trouble before the tariffs. They filed for bankruptcy five months ago. Auggie Dec 16 #17
I switched to frozen & fresh veggies exclusively over 10 years ago wolfie001 Wednesday #26
Because doing so makes us as bad as them Auggie Wednesday #29
During war, sometimes ya can't take prisoners wolfie001 Wednesday #30
Wow!!! Unexpected BlueWaveNeverEnd Dec 16 #3
Will we have to can our own food? BlueWaveNeverEnd Dec 16 #4
Cat and dog food can production will increase wolfie001 Dec 16 #13
I always felt their canned products... NCDem47 Dec 16 #5
most canned vegetables taste that way. cab67 Dec 16 #12
Friend is a lawyer in Penn. near Pittsburgh... Grins Wednesday #23
Del Monte filed for bankruptcy back in July Brother Buzz Dec 16 #6
Some astute and interesting comments Tanuki Dec 16 #7
I suspected this was the real reason, it always is. Klarkashton Dec 16 #8
And every acquisition wrapped more debt UpInArms Dec 16 #9
"Polly Peck" was a company involved in much financial scandal in the early 90s in the UK muriel_volestrangler Dec 16 #10
Food Conglomerates 2na fisherman Dec 16 #14
That's what I was going to post. More companies fall off and prices rise. Bengus81 Wednesday #31
Another success story for Julius Seizure's Hassler Dec 16 #15
I just saw this great story on more perfect union Javaman Dec 16 #16
My mother's first job was at the Del Monte plant in Sanger CA. Sector 001 Dec 16 #18
Can't think of the last time I bought any of their products. Munu Dec 16 #19
Uh oh.. "our portfolio of beloved brands, including S&W , Contadina, College Inn, Joyba, Kitchen Basics and Exp Dec 16 #20
I can recall years ago where I kept repeating "Del Monte-The Story of Success"...a week long hike c-rational Dec 16 #21
Wow. Opened for business in 1886. The roaring 20's, 3 decades away. chouchou Dec 16 #22
Bankruptcy seems to be a business strategy. Dr. T Wednesday #24
Canned veg make a good filler in a lot of cooking. Aussie105 Wednesday #25
I can't imagine the tariffs have helped. Just the one on aluminum for the cans has been taking out small breweries. Vinca Wednesday #27
Snap issues and cuts don't help kerouac2 Wednesday #28
When I was a kid in the 1950s PCB66 Thursday #32

wolfie001

(6,957 posts)
11. All of their company executives voted for the fat orange imbecile
Tue Dec 16, 2025, 07:16 PM
Dec 16

Guaranteed. Reap what you sow mf'ers.

Auggie

(32,819 posts)
17. Bullshit -- Del Monte was in trouble before the tariffs. They filed for bankruptcy five months ago.
Tue Dec 16, 2025, 07:29 PM
Dec 16

wolfie001

(6,957 posts)
26. I switched to frozen & fresh veggies exclusively over 10 years ago
Wed Dec 17, 2025, 06:39 AM
Wednesday

But why not blame the fat orange imbecile anyway? I mean, he's blaming Biden and Democrats for every lie he makes up in his deteriorating brain. This is pile on time. rePUKES need to be destroyed in the next election.

cab67

(3,619 posts)
12. most canned vegetables taste that way.
Tue Dec 16, 2025, 07:16 PM
Dec 16

But I've always kept a stockpile for emergencies or field work. With the right seasoning, they can be tasty indeed.

Grins

(9,214 posts)
23. Friend is a lawyer in Penn. near Pittsburgh...
Wed Dec 17, 2025, 12:09 AM
Wednesday

Lots of elderly. Often an executor of their estates.
Tells the heirs, “Rip the hell out of their home to see what money, assets, documents , etc. are HIDDEN IN THE WALLS AND UNDER THE FLOOR.

They do. It was not uncommon for the family to find rooms or attics FILLED with canned food. One had so much canned food the county considered condemning the house because of the weight of all those canned goods had stressed and weakened the home’s support structure.

Why?

They were children of the depression and never forgot how hungry they were.

Brother Buzz

(39,512 posts)
6. Del Monte filed for bankruptcy back in July
Tue Dec 16, 2025, 05:46 PM
Dec 16

Still restructuring and looking for a buyer. Tough market now, but the label has cachet, so I don’t think it will disappear.

Tanuki

(16,261 posts)
7. Some astute and interesting comments
Tue Dec 16, 2025, 05:52 PM
Dec 16

"Private equity failure at its finest.

Del Monte became part of R.J. Reynolds Industries, Inc. (later RJR Nabisco, Inc.), in 1979. After having been acquired by Kohlberg Kravis Roberts in 1988, RJR Nabisco sold several Del Monte divisions. The fresh fruit business was sold to Polly Peck.[25] RJR Nabisco retained Del Monte Canada and Venezuela. The remaining food processing divisions, known as Del Monte Foods, were sold to Merrill Lynch, Citicorp Venture Capital, and Kikkoman in 1989. Kikkoman separately acquired Del Monte brand in Asia (excluding Philippines, the Indian subcontinent and Myanmar). In 1990, the European division was subject to a management buyout and Hawaiian Punch was sold to Procter & Gamble.[26][27] Del Monte sold part of its Philippines division in 1991 and the remainder in 1996.[28] In 1993, Del Monte's dried fruit division was sold to Yorkshire Food Group.[29] In 1996, Del Monte sold its pudding division to Kraft.[30] In 1996, Del Monte Mexico was sold to Hicks, Muse, Tate & Furst; the Central American and Caribbean operations were also sold.[31][32]

Texas Pacific Group acquired Del Monte in 1997.[33] Del Monte acquired Contadina from Nestlé in 1997 and reacquired Del Monte Venezuela from Nabisco in 1998.[34][35] Del Monte Foods again became a publicly traded company in 1999, and in 2002, it purchased several brands from US food giant Heinz in an all-stock transaction that left Heinz shareholders with 74.5% of Del Monte and original Del Monte shareholders with 25.5% of the company, and nearly tripled Del Monte Foods' size.[36] Del Monte subsequently established an East Coast headquarters in Pittsburgh, home of Heinz, and in 2021 moved their headquarters to Penn Center West.[37]
Show less"....(more)

muriel_volestrangler

(105,496 posts)
10. "Polly Peck" was a company involved in much financial scandal in the early 90s in the UK
Tue Dec 16, 2025, 07:00 PM
Dec 16
Polly Peck International (PPI) was a small British textile company which expanded rapidly in the 1980s and became a constituent of the FTSE 100 Index before collapsing in 1991 with debts of £1.3 billion, eventually leading to the flight of its CEO, Asil Nadir, to Northern Cyprus in 1993.[1] Polly Peck was one of several corporate scandals that led to the reform of UK company law, resulting in the early versions of the UK Corporate Governance Code.

On 26 August 2010, Nadir returned to the UK to try to clear his name. Prosecutors alleged that he stole more than £150 million from Polly Peck and he faced trial on 13 specimen charges totalling £34 million. Nadir was found guilty on 10 counts of theft totalling £29 million. On 23 August 2012 at the Old Bailey, he was sentenced to 10 years in prison.[2]

https://en.wikipedia.org/wiki/Polly_Peck

2na fisherman

(220 posts)
14. Food Conglomerates
Tue Dec 16, 2025, 07:20 PM
Dec 16

There will be only a few companies in the food business. And those food monopolies will fix the prices of all foods. They will be able to cheat all consumers at will because there will be no real choice in the market. Notice how many packages have less product ounces inside them than before, yet charge more for less? Regulation of them is all but gone. The 1%ers will soon have the game rigged from cradle to grave. Even the funeral business is mostly monopolized now.

Bengus81

(9,758 posts)
31. That's what I was going to post. More companies fall off and prices rise.
Wed Dec 17, 2025, 09:39 AM
Wednesday

Doesn't matter if its canned food or the trash biz,more of the same shit each day.

Javaman

(65,052 posts)
16. I just saw this great story on more perfect union
Tue Dec 16, 2025, 07:27 PM
Dec 16

About how in Italy co-ops are written into the countries constitution.

How about the employees band together and by it out?

Sector 001

(157 posts)
18. My mother's first job was at the Del Monte plant in Sanger CA.
Tue Dec 16, 2025, 08:06 PM
Dec 16

When the IRS opened a service center here in Fresno, California, she went to work for them. She retired after twenty years and then passed away in 2010 from emphysema.

Exp

(747 posts)
20. Uh oh.. "our portfolio of beloved brands, including S&W , Contadina, College Inn, Joyba, Kitchen Basics and
Tue Dec 16, 2025, 08:34 PM
Dec 16

Take Root Organics™

c-rational

(3,126 posts)
21. I can recall years ago where I kept repeating "Del Monte-The Story of Success"...a week long hike
Tue Dec 16, 2025, 08:58 PM
Dec 16

in the daks. It was a catchy phrase, at least to me.

chouchou

(2,738 posts)
22. Wow. Opened for business in 1886. The roaring 20's, 3 decades away.
Tue Dec 16, 2025, 10:33 PM
Dec 16

Seems like frozen food is king now.

Dr. T

(497 posts)
24. Bankruptcy seems to be a business strategy.
Wed Dec 17, 2025, 03:14 AM
Wednesday

Dumbfuck Donnie uses it when he has something to gain from it. I'm no financial expert, but I've come to believe that a business filing for bankruptcy is way different than a private citizen filing for bankruptcy.

Aussie105

(7,540 posts)
25. Canned veg make a good filler in a lot of cooking.
Wed Dec 17, 2025, 05:50 AM
Wednesday

You'd think buying produce, processing it and canning for a large markup on materials and labor would be a profitable no brainer, but apparently not.

Grandma can now break out her preserving jars and start preserving fruit and veg when they are cheap for the off season.

Hoarding canned foods by oldies who went through a recession or a war is quite common.

Covid saw a big run on . . . . toilet paper!
No, it's not logical, but who said people had to be logical?

Vinca

(53,220 posts)
27. I can't imagine the tariffs have helped. Just the one on aluminum for the cans has been taking out small breweries.
Wed Dec 17, 2025, 07:33 AM
Wednesday

Throw in assorted tariffs on imported fruits and vegetables and it's a Trump bankruptcy.

kerouac2

(1,398 posts)
28. Snap issues and cuts don't help
Wed Dec 17, 2025, 07:35 AM
Wednesday

The engine is grinding to a halt due to the great dismantling of our govt

PCB66

(63 posts)
32. When I was a kid in the 1950s
Thu Dec 18, 2025, 01:38 PM
Thursday

It seemed like we ate a lot of canned vegetables. However, nowadays it is either fresh or frozen. Frozen is usually superior qualify to canned.

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