ConAgra Foods To Acquire Del Monte Canada

OTTAWA (dpa-AFX) - ConAgra Foods Inc. (CAG) Tuesday said it agreed to acquire Toronto-based Del Monte Canada Inc., a provider of packaged fruits, fruit snacks, from an affiliate of Sun Capital Partners. The agreement includes the acquisition of all Del Monte branded packaged fruit, fruit snacks and vegetable products in Canada, as well as Aylmer tomato products. The agreement also includes a manufacturing facility in Dresden, Ontario, and headquarters offices in Toronto, Ontario. Chief Executive Gary Rodkin said, 'The acquisition of Del Monte Canada supports our strategic growth plan. It will grow our position in North American tomato products, expand our vegetable product line and add packaged fruit and fruit snacks to our portfolio.'

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