Del Monte Pacific to acquire Del Monte Foods unit

10/10/2013 | Bloomberg · Reuters

Singapore-based Del Monte Pacific has entered an agreement to buy the U.S. consumer foods unit of Del Monte Foods, an unaffiliated company, for $1.68 billion. "The U.S. was one of few key markets where our company did not have a direct presence nor have its own brands," said Rolando Gapud, chairman of Del Monte Pacific.

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