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(174,355 posts) Tue Dec 16, 2025, 05:24 PM Dec 16

Del Monte Foods, maker of popular canned goods, files for bankruptcy [View all]

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

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Highlight:

Del Monte Foods, maker of popular canned goods, files for bankruptcy [View all] 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 Dec 17 #26

Because doing so makes us as bad as them Auggie Dec 17 #29

During war, sometimes ya can't take prisoners wolfie001 Dec 17 #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 Dec 17 #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 Dec 17 #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 Dec 17 #24

Canned veg make a good filler in a lot of cooking. Aussie105 Dec 17 #25

I can't imagine the tariffs have helped. Just the one on aluminum for the cans has been taking out small breweries. Vinca Dec 17 #27

Snap issues and cuts don't help kerouac2 Dec 17 #28

When I was a kid in the 1950s PCB66 Thursday #32