July 30, 1998 |
Del Monte Foods Co., the largest U.S. producer of canned fruits and vegetables, this week said it has delayed its initial public offering because its owner couldn't get the price it wanted in a weak market for IPOs. Meanwhile, Skechers USA Inc., the Manhattan Beach-based maker of casual shoes, filed papers for an IPO that the company hopes could raise as much as $115 million.
March 20, 1998 |
Del Monte Foods Co., the world's largest producer of canned fruits and vegetables, will try to raise about $227 million through an initial stock offering, using the money to reduce its debt, according to filings Thursday with the Securities and Exchange Commission. As it moves toward becoming a public company, San Francisco-based Del Monte also plans to build on its well-known brand name, developing new products and pursuing acquisitions of other food brands, the filings said.
November 15, 1997 |
Del Monte Foods Co. said it will buy the Contadina brand of canned tomato products and some related operations from Nestle's U.S. unit, doubling annual sales of its canned tomato brands to $400 million. Terms weren't disclosed. San Francisco-based Del Monte Foods, which is owned by Texas Pacific Group, will receive Contadina's pizza sauce and bread crumbs business as part of the purchase, as well as two tomato processing factories in Woodland and Hanford, Calif.
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.