Recent Study: Del Monte Foods Co in Packaged Food (World)
Del Monte announced in October 2013 plans to sell its Consumer Products division including its brands in canned/preserved food and sauces, dressings and condiments. The company has for the past several years been refocusing on its more successful pet products business. It intends to make this area its sole focus moving forward. Del Monte has been faced with mature markets and a poorly performing canned/preserved food category as consumers move to chilled and fresh alternatives.
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