Del Monte Pacific: Announces Plans To Restructure Supply Chain Of U.S. Subsidiary, Del Monte Foods.

21 Aug 2019 10:44

Del Monte Pacific Limited announced its intention to move to an asset-light strategy and divest production facilities of U.S. subsidiary Del Monte Foods. Facilities to be closed are located at Sleepy Eye, Minnesota and Mendota, Illinois. Production will cease at these facilities at the end of the current pack season. In addition, Del Monte's Cambria, Wisconsin facility will be sold as an operating facility after completion of pack. The company will also be selling manufacturing assets at its Crystal City, Texas facility and intends to transfer production at this site to outside locations later in 2019...

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