US Edition
Del Monte Files For Bankruptcy Protection: Why Is 139-Year-Old Canned Food Giant Facing Biz Pressure?
- Del Monte Foods, an American canned food producer with a 139-year history, is a subsidiary of Del Monte Pacific Limited, a Singapore-headquartered firm, and it filed for Chapter 11 bankruptcy in the United States on July 1, 2025, to reorganize its operations.
- The bankruptcy filing followed declining consumer demand for preservative-laden canned foods, rising production costs driven partly by a 50% steel tariff implemented under President Trump, and accumulated financial strain.
- Del Monte Foods plans a court-supervised sale to streamline operations and sell assets while continuing operations with $912.5 million in debtor-in-possession financing, aiming to accelerate its turnaround.
- CEO Greg Longstreet explained that pursuing a sale under court oversight is the best approach to speed up the company's recovery, while Del Monte Pacific emphasized that its operations in the Philippines and Asia remain financially stable with strong consumer demand.
- This filing positions Del Monte amid a wave of 2025 bankruptcies among national brands and signals ongoing challenges in adapting to shifting consumer health preferences and economic pressures.
22 Articles
22 Articles
The emblematic canned food division of Del Monte Foods Inc., one of the largest manufacturers and distributors of brand-name food in the United States, this week took over Chapter 11 of that country's Bankruptcy Act to restructure its financial balance sheet and sell most of its assets.Restructuring involves only certain subsidiaries and subsidiaries within the United States.International operations are not part of the bankruptcy process and wil…
Walnut Creek-Based Canned Foods Giant Del Monte Files for Bankruptcy, Hopes for New Owner
Yes, Del Monte Foods is based in Walnut Creek, but it may not be for much longer, as the company has filed for Chapter 11 bankruptcy, and it seems like Trump’s steel tariffs had a lot to do with this.It may come as a surprise that the 138-year-old grocery market canned food staple Del Monte Foods is headquartered right here in the Bay Area community of Walnut Creek. And it was once a dominant San Francisco company, as in 1909, its North Beach ca…
Del Monte Foods Files for Bankruptcy as Consumer Preferences Shift
California-based Del Monte Foods, known for its canned fruits and vegetables, has filed for bankruptcy. The post Del Monte Foods Files for Bankruptcy as Consumer Preferences Shift appeared first on Breitbart.
Coverage Details
Bias Distribution
- 56% of the sources lean Right
To view factuality data please Upgrade to Premium
