ConAgra Completes Del Monte Deal

OMAHA, Neb.ConAgra Foods, Inc., has completed its acquisition of Toronto-based Del Monte Canada, Inc., a leading provider and marketer of packaged fruits, fruit snacks and vegetables in Canada, from an affiliate of Sun Capital Partners. The transaction, announced Jan. 17, 2012, was completed today.

Under the agreement, the acquisition includes of all Del Monte branded packaged fruit, fruit snacks and vegetable products in Canada, a manufacturing facility in Dresden, Ontario, and headquarters offices in Toronto, as well as Aylmer tomato products. Del Monte fresh produce, juices, and Aylmer soups will remain under separate ownership.

The acquisition is based on ConAgras strategy to grow core businesses, expand into strategic adjacencies and build its international presence. The company recently acquired National Pretzel Company, maker of a variety of private-label pretzel products and also announced last November that it increased its ownership share of Agro Tech Foods Ltd. in India.