Sector News

Fresh Del Monte Produce buys Mann Packing in $361m deal

February 6, 2018
Food & Drink

Fresh Del Monte Produce, through its North American subsidiary Del Monte Fresh Produce, has acquired US vegetable producer Mann Packing for $361 million as it aims to expand in North America.

Mann Packing’s annual sales were approximately $535 million in 2017 and Del Monte expects the transaction to be completed in the first quarter of 2018.

Established in 1939 and based in Salinas, California, Mann grows, processes and supplies fresh vegetables, including washed and ready-to-eat vegetables, snack packs and party trays, as well as washed and trimmed lettuce products for the food service and retail markets.

Fresh Del Monte CEO Mohammad Abu-Ghazaleh said: “We are extremely pleased about our acquisition of Mann Packing, a leader in the fresh and value-added vegetable category.

“Mann Packing’s strength in the vegetable category, one of the fastest growing fresh food segments, will allow us to diversify our business, leverage our distribution network and infrastructure and increase our market reach.

“In addition, this transaction will provide us with synergies, enhancing our ability to better serve our combined customers and address consumers’ needs for healthier products. This acquisition is a significant step toward our goal to be the world’s leading supplier of healthful, wholesome and nutritious fresh and prepared food and beverages for consumers.”

Source: FoodBev

comments closed

Related News

January 15, 2022

DSM forges F&B business group integrating taste, texture and health know-how

Food & Drink

Health and nutrition giant DSM is showcasing a new integrated F&B operating structure that unifies food specialties, hydrocolloids and nutritional products. Positioned as a business group, it will harness the gamut of taste, texture and health solutions to manufacturers in the F&B sector.

January 15, 2022

Keeping food transparent: F&B suppliers talk eliminating bias and the pitfalls of eco-labeling

Food & Drink

FoodIngredientsFirst speaks to key suppliers Corbion, Agrana Fruit and Kerry to discuss what core strategies are helping keep food businesses up-to-speed with their environmental reporting while remaining bias-free.

January 15, 2022

Titanium dioxide EU ban comes into force, companies have six months to adjust

Food & Drink

France banned the use of the additive in 2020, leading companies such as Lonza to launch Vcaps Plus White Opal, its first commercially-available titanium dioxide-free semi-opaque capsule for food supplements. The move followed several lobby groups urging the European Commission to prohibit TiO2.

Send this to a friend