Fresh Del Monte to Acquire Key Del Monte Foods Assets

Fresh Del Monte Produce ( (FDP) ) has issued an announcement.

On January 15, 2026, Fresh Del Monte Produce announced it had been selected as the successful bidder to acquire select assets of the bankrupt Del Monte Foods Corporation II Inc. for $285 million plus certain assumed liabilities, through a court-supervised auction under Section 363 of the U.S. Bankruptcy Code. Subject to court approval scheduled for January 28, 2026, regulatory clearances and customary closing conditions, the deal is expected to close by the end of the first quarter of 2026 and would reunify the Del Monte brand under a single owner for the first time in nearly 40 years, combining fresh and shelf-stable categories under one integrated strategy. The proposed transaction covers prepared and packaged vegetable, tomato, refrigerated fruit and beverage brands including Del Monte, S&W, Contadina, Take Root Organics and JOYBA, along with selected facilities in the U.S., Mexico and Venezuela, key contracts, inventories and global ownership of the Del Monte brand subject to existing licenses, while excluding canned fruit and certain broth and stock businesses. Fresh Del Monte plans to operate the acquired assets through a dedicated business unit, maintain continuity for retailers and consumers with no immediate product changes, and finance the purchase with cash on hand and its revolving credit facility, a move that could expand its multi-category food platform, deepen its presence across channels and occasions, and potentially strengthen its competitive position in both fresh and shelf-stable segments.

The most recent analyst rating on (FDP) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on Fresh Del Monte Produce stock, see the FDP Stock Forecast page.

Spark’s Take on FDP Stock

According to Spark, TipRanks’ AI Analyst, FDP is a Neutral.

The score is supported most by strong cash generation and a healthier balance sheet, alongside constructive strategic guidance toward higher-margin categories. It is held back by weak technical momentum and thin/pressured profitability, with banana-segment challenges remaining a key operational risk.

To see Spark’s full report on FDP stock, click here.

More about Fresh Del Monte Produce

Fresh Del Monte Produce Inc. is a leading vertically integrated producer, marketer and distributor of fresh and fresh-cut fruit and vegetables, with products sold in more than 80 countries, and a major producer and distributor of prepared foods in Europe, Africa and the Middle East. The company markets its offerings globally under the DEL MONTE brand, is listed on the NYSE under the symbol FDP, and has positioned itself as a sustainability-focused player, including commitments to science-based climate targets and multiple recognitions for trust and ESG performance.

Average Trading Volume: 298,553

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.77B

For a thorough assessment of FDP stock, go to TipRanks’ Stock Analysis page.