Fresh Del Monte Receives U.S. Bankruptcy Court Approval for Acquisition of Del Monte Foods Assets

CORAL GABLES, FL - Fresh Del Monte Produce Inc. announced that the U.S. Bankruptcy Court has approved the Company as the purchaser of select assets of California-based Del Monte Foods Corporation II Inc. and its affiliates through a court-supervised sale under Section 363 of the U.S. Bankruptcy Code.

The Court’s decision represents a decisive legal milestone that clears the Transaction to advance into the pre-closing phase. With this approval in place, a key procedural step has been achieved, providing increased certainty as Fresh Del Monte completes customary regulatory reviews, including Hart-Scott-Rodino clearance, and satisfies remaining closing conditions.

As previously disclosed, the purchase price is $285 million, plus the assumption of certain liabilities. Further details on the Transaction’s strategic and financial impact will be provided following closing, consistent with standard practice.

According to the recent release, the Company expects the Transaction to close in the first quarter of 2026, subject to these approvals.

Upon closing, Fresh Del Monte will acquire select prepared and packaged foods businesses, including vegetable, tomato, and refrigerated fruit assets, as well as global ownership of the Del Monte® brand, subject to existing regional licensing arrangements.

With this milestone complete, Fresh Del Monte is focused on executing the remaining steps toward closing in a disciplined manner and advancing the transaction into its next phase.