Unaffiliated Del Monte companies announce JVs following litigation settlement

SINGAPORE (June 28): Del Monte Pacific and the company of a similar name which it has long been in a legal tussle with, Fresh Del Monte Produce, have made peace and instead, joined forces to announce a series of new joint ventures (JVs) in retail and refrigerated grocery products.

This includes a joint initiative introducing Del Monte branded retail outlets, which feature an assortment of nutritious foods and beverages to meet the increasing demands of consumers for healthier food options.

In a release filed Wednesday morning, the companies express the belief that the joint ventures will result in expanded refrigerated offerings sold across all distribution and sales channels, and a new retail food and beverage concept modelled after an already-successful Fresh Del Monte Produce business in the Middle East.

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