NAIROBI, Kenya, Jul 4 – Fresh Del Monte Produce Inc, a worldwide recent produce business, has issued a clarification to buyers, companions, and stakeholders, distancing itself from Del Monte Foods Inc, a separate U.S.-based entity at the moment entangled in litigation and chapter proceedings.
In a press release, Fresh Del Monte affirmed that it operates as a totally impartial, publicly traded firm with no monetary or operational affiliation with Del Monte Foods.
“The two corporations are fully separate entities, with no shared possession, governance, or operations,” the corporate mentioned, noting that Del Monte Foods is privately held and owned by a Singapore-based guardian group.
The recent produce agency revealed that it retains unique rights to make use of the Del Monte® model for recent and fresh-cut produce globally, in addition to for ready meals throughout Europe, Africa, and the Middle East.
“Fresh Del Monte Produce Inc. will not be affiliated with sure different Del Monte corporations all over the world, together with Del Monte Foods Inc., the U.S. subsidiary of Del Monte Pacific Limited, Del Monte Canada, or Del Monte Asia Pte. Ltd.,” it added.
The transfer comes amid rising confusion within the market because of each corporations sharing rights to the enduring Del Monte® model title by way of historic licensing agreements.
Despite the monetary woes plaguing Del Monte Foods, Fresh Del Monte reassured its buyers, emphasizing that its personal monetary stability and operational efficiency stay unaffected.
Headquartered in Coral Gables, Florida, Fresh Del Monte operates in additional than 90 nations and is widely known for its vertical integration mannequin, which has positioned it as a worldwide chief in recent produce and pineapple innovation.
The clarification follows information that Del Monte Foods, the 138-year-old U.S. firm finest recognized for its canned vegatables and fruits, has filed for chapter and is searching for a purchaser.
The firm introduced that it has initiated a sale course of for all of its belongings, a improvement that has sparked concern amongst shoppers resulting in confusion because of the shared use of the Del Monte® title.
