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Fresh Del Monte Produce Inc. Message Board

  • magnet542001 magnet542001 Jun 15, 2011 9:50 PM Flag

    Quick question for those in the know

    Sorry, I am not invested in this stock, I am just trying to do a bit of industry analysis. What is the difference between FDP and San Francisco based Del Monte which completed an LBO recently? Thanks for your help.

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    • In 1989 RJ Reynolds, owner of the DelMonte Corp was bought out by KKR. The Del Monte Corp was broken up. FDP is the owner of the brand for worldwide fresh produce, and also owns DM Foods Europe, Middle East, and Africa. The rest of the Del Monte empire was broken into pieces owned by various entities including DM Foods USA, Del Monte Pacific, etc. They all have exclusive use of the DM Quality brand for thier respective products/markets. Quite confusing I agree

    • Both companies use the Del Monte trademark, but other than that, they are completely different companies.

      FDP sells fresh produce. Del Monte Foods sells processed foods like canned fruits and vegetables.

 
FDP
32.44-0.20(-0.61%)Sep 22 4:01 PMEDT

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