Bonduelle Expands North American Presence
Bonduelle, the French family-run company and the world leader in ready-to-use vegetables, in all their forms, has agreed to acquire the Del Monte processed fruit and vegetable business in Canada from Conagra Brands for C$43 million. The acquisition includes the right to use the Del Monte brand on different segments of processed fruits and vegetables and stocks of products marketed by Conagra.
The acquired business excludes all industrial and personnel assets because co-packers and Bonduelle’s existing production capabilities will be used. The transaction is expected to be completed before the end of May 2018.
Conagra’s Del Monte business in Canada, with revenues of approximately C$60 million, will complement Bonduelle Americas Long Life business unit’s canned and frozen vegetable business, which is largely conducted under retailer’s store brands. This is in line with Bonduelle’s strategy to develop its brand activities and expand beyond vegetables to vegetable products.
