On July 1, 2025, Del Monte Foods filed for Chapter 11 bankruptcy, citing challenges from a dynamic macroeconomic environment. The president and CEO, Greg Longstreet, indicated that recent inflation and a dramatic increase in steel and aluminum tariffs contributed to this decision. Del Monte is not just a canned fruits and vegetables brand but encompasses around 17 subsidiaries, including Contadina and Kitchen Basics. For now, operations will continue normally as the company requested $165 million in funds to support its restructuring.
The president and CEO of Del Monte Foods, Greg Longstreet, cited challenges intensified by a dynamic macroeconomic environment among the reasons for the company's voluntary request to sell its assets via Chapter 11 bankruptcy.
Recent inflation and increased tariffs on steel and aluminum, which underwent a 100% increase in the last month, played a role in Del Monte's move, which Longstreet describes as strategic.
The company is made up of around 17 subsidiary brands, including Contadina, Joyba Bubble Tea, Take Root Organics, College Inn, and Kitchen Basics.
Operations will continue as normal for the time being, with $165 million in funds requested to support the canned food company and its many sub-brands during the transition of ownership and restructuring.
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