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Del Monte Foods Inc

BUSINESS
November 17, 1995
Developer Koll Real Estate Group Inc. said that it has agreed to manage $22 million in new building projects for Del Monte Foods Co., the San Francisco-based canning company. Koll will handle development and construction of distribution and ripening plants that Del Monte is planning in Mendota, Ill., Plover, Wis., and Toppenish and Yakima, Wash. Officials would not disclose how much Koll will be paid.
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BUSINESS
November 1, 2002 | From Reuters
Del Monte Foods Co., the largest U.S. produce canner and distributor, Thursday reported a quarterly profit on lower costs and stronger demand for convenience foods such as single-serve fruit cups, up from a year-ago loss. Earnings in its first quarter ended Sept. 30 were $400,000, or 1 cent a share, compared with a loss of $5.3 million, or 10 cents, a year earlier. The company's revenue rose 5% to $284.
BUSINESS
September 1, 2006 | From Bloomberg News
Del Monte Foods Co. said Thursday that its fiscal first-quarter profit fell 62% and warned that the current quarter's profit would fall as low as 5 cents a share because of costs to integrate acquisitions. San Francisco-based Del Monte said net income in the quarter ended July 30 fell to $6.2 million, or 3 cents a share, from $16.2 million, or 8 cents, a year earlier. Revenue rose 9.3% to $674.1 million.
BUSINESS
September 2, 2005 | From Times Wire Services
Del Monte Foods Co., a San Francisco maker of canned fruit, vegetables and tuna fish, said Thursday that its fiscal first-quarter earnings doubled, driven by higher pricing, lower integration expense and reduced commodity costs. Net income rose to $16.2 million, or 8 cents a share, in the first quarter ended July 31, up from $8.5 million, or 4 cents, a year earlier. Sales grew 7.2% to $671.
BUSINESS
January 26, 2005 | From Bloomberg News
A U.S. judge ruled that Del Monte Foods Co.'s Pounce Purr-fections, Snausages Scooby Snack Stuffers and Nature's Recipe treats infringed a Mars Inc. patent for pet treats with soft centers. U.S. District Judge R. Gary Klausner in Los Angeles granted Mars' motion for summary judgment on the patent infringement claim. He ordered the case to proceed to jury trial next month to determine damages. Mars sued in 2001 seeking unspecified damages and to block sales of H.J. Heinz Co.'
BUSINESS
March 5, 2004 | Jerry Hirsch, Times Staff Writer
Morris the cat is about to get another life. His owner, Del Monte Foods Co., said Thursday that it would resurrect the finicky feline and make him the top cat in a new advertising campaign for its 9Lives brand. Morris hasn't been seen much for 14 years -- that's about 70 years if you're a cat -- and Del Monte hopes his comeback will jump-start sales. Even though 9Lives is the No. 2 brand of canned cat food, it trails far behind Nestle's Friskies, which controls nearly half the market.
BUSINESS
September 3, 2004 | From Associated Press
Del Monte Foods Co.'s profit tumbled 41% in its fiscal first quarter, hit by the cost of integrating brands acquired from H.J. Heinz Co. in late 2002, as well as higher commodity costs and marketing expenses. The San Francisco producer of such brands as Kibbles 'n Bits pet food and StarKist tuna said Thursday that it had net income of $8.5 million, or 4 cents a share, for the period ended Aug. 1, down from $14.3 million, or 7 cents, a year earlier.
BUSINESS
November 23, 2002 | From Associated Press
H.J. Heinz Co. said a plan to spin off brands such as StarKist Tuna and 9-Lives cat food to Del Monte Foods will be tax-free to the companies and their shareholders and ready for the shareholders' vote Dec. 19. The Internal Revenue Service's decision capped a regulatory review that was the final hurdle for the companies to complete the estimated $2.5-billion deal, which includes transferring $1.1 billion in debt to Del Monte. Heinz shares fell 13 cents to $34.
BUSINESS
September 26, 1989 | MARIA L. La GANGA, Times Staff Writer
Food and tobacco giant RJR Nabisco Inc. took a big bite out of its debt troubles by selling its Del Monte processed foods business to an investor group headed by Merrill Lynch & Co. for $1.475 billion in cash, company officials said Monday. The Del Monte sale is part of a continuing program to cut the enormous debt that resulted from Kohlberg Kravis Roberts & Co.'s $25-billion leveraged buyout of the company early this year.
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