March 1, 1997 |
Fort Worth-based Texas Pacific Group and other investors agreed to buy Del Monte Foods Co., one of the largest U.S. canned fruit and vegetable companies, for about $800 million in cash. Del Monte, which had sales of about $1.2 billion last year, is owned by a financial group led by Merrill Lynch & Co. The purchase price was confirmed by Andrew Hawkins, finance director of Del Monte Group Ltd., a separate Del Monte company. Texas Pacific and Del Monte declined to comment.
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.
June 28, 1994 |
An investor group headed by Mexican billionaire Carlos Cabal Peniche has agreed to buy San Francisco-based Del Monte Foods Co. in a cash and debt transfer deal valued at close to $1 billion. The transaction announced Monday is the latest in a series of U.S. acquisitions by Mexican firms seeking a better vantage point for competing under the North American Free Trade Agreement.
September 26, 1989 |
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.