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Del Monte Foods announces Chapter 11 bankruptcy, including pursuing new ownership
Del Monte Foods announced July 1 it started Chapter 11 bankruptcy proceedings. The company said it plans to continue operations as usual during the bankruptcy process. Del Monte Foods announced July 1 it has started Chapter 11 bankruptcy proceedings.
Canned Food Maker Del Monte Foods Files For Bankruptcy
Del Monte Foods has filed for bankruptcy as it plans to sell the business to restructure its balance sheet. Del Monte Foods and some of its affiliates and subsidiaries have voluntarily filed for Chapter 11 bankruptcy in the US Bankruptcy Court in New Jersey to move forward with this sale and restructuring plan.
The company, founded in 1886, said it was voluntarily initiating Chapter 11 proceedings, citing mounting debt, economic ...
Del Monte Foods Corporation II Inc., one of the country's largest producers, distributors and marketers of premium quality, branded food products, announced that it is pursuing a value-maximizing sale ...
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