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.
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