Del Monte sells more US assets


    Del Monte Pacific Ltd. is selling its production facilities in Sleepy Eye, Minesota and in Mendota, Illinois as part of its asset-light strategy.

    Del Monte earlier sold its operation in Cambria, Wisconsin and transferred its operations and related employees to Seneca Foods Corp.

    Both operations are under Del Monte unit Del Monte Foods Inc. (DMFI).

    Del Monte said it expects close the sale of the Sleepy Eye and Mendota operation by the fourth quarter of next year.

    DMFI has also sold equipment at its Crystal City, Texas facility and is considering additional proposals to sell the balance of the assets. Production at rationalized facilities is being transitioned to other DMFI production facilities in the United States as well as to strategic co-packers.

    “These divestitures will enable DMFI to significantly improve capacity utilization at the remaining plants in its production network,” the company said.