Bonduelle completes the acquisition of Del Monte processed fruit and vegetable business in Canada from Conagra Brands
04 Juillet 2018 - 7:31AM
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.comVanessa 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 AEuronext indices: CAC MID & SMALL - CAC
ALL TRADABLE - CAC ALL SHARESBonduelle 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.pdf
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