Bonduelle completes the acquisition of Del Monte processed fruit and vegetable business in Canada from Conagra Brands
04 Juillet 2018 - 7:30AM
BONDUELLE
A French SCA
(Partnership Limited by Shares) with a capital of 56.491.956, 50
Euros
Head Office: La
Woestyne 59173 Renescure, France
Villeneuve d'Ascq, France, July 4th,
2018 - Press release
Bonduelle
completes the acquisition of Del Monte processed fruit and
vegetable business in Canada from Conagra Brands
Bonduelle announces it has
finalized with Conagra Brands Inc. (NYSE: CAG) the acquisition of
Del Monte processed fruit and vegetable business in Canada.
The acquisition, effective on July
3rd, 2018, includes the right to use the Del Monte brand on
different segments of processed fruits and vegetables and stocks of
products for a value of approximately $43 million Canadian. The
acquired business excludes all industrial and personnel assets
because co-packers and Bonduelle's existing production capabilities
will be used.
The Del Monte processed fruit and
vegetable business in Canada, with revenues of approximately $60
million Canadian, will complement Bonduelle Americas Long Life
business unit's canned and frozen vegetable business, which is
largely conducted under retailer's store brands. This highlights
the group's desired development in brand activities and expansion
beyond vegetables to vegetable products.
Investor relations
contacts: BONDUELLE -
finance@bonduelle.com
Press contacts / Public relation
firm:
Benjamin ZEHNDER - RP carrées - Tel:
+33.(0)6.76.41.18.19 - Email:
benjamin.zehnder@rp-carrees.com
Vanessa VAZZAZ - RP carrées - Tel:
+33.(0)3.28.52.07.42 / C: +33.(0)6.34.32.24.23
Email: vanessa.vazzaz@rp-carrees.com
About Bonduelle
Bonduelle, a family business, was established in
1853. Its mission is to be the world reference in "well-living"
through plant-based food. Prioritising innovation and long-term
vision, the group is diversifying its operations and geographical
presence. Its vegetable, grown over more than 130,000 hectares all
over the world, are sold in 100 countries under various brand names
and through various distribution channels and technologies. Expert
in agro-industry with 54 industrial sites or own agricultural
production, Bonduelle produces quality products by selecting the
best crop areas close to its customers.
Bonduelle is listed on Euronext compartment
A
Euronext indices: CAC MID & SMALL - CAC ALL
TRADABLE - CAC ALL SHARES
Bonduelle is part of the Gaïa non-financial
performance index and employee shareholder index
(I.A.S.)
Code ISIN : FR0000063935 - Code Reuters : BOND.PA
- Code Bloomberg : BON FP
Del Monte - Bonduelle release -
July 2018
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BONDUELLE via Globenewswire
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