Company:Fresh Del Monte Produce

From HandWiki
Fresh Del Monte Produce Incorporated
TypePublic
NYSE: FDP
S&P 600 Component
Russell 2000 Component
IndustryAgriculture
Founded1886, San Francisco , California
Headquarters
Coral Gables, Florida
,
United States
Key people
  • Mohammad Abu-Ghazaleh (Chairman & CEO)
  • Mohammed Abbas (EVP & COO
  • Monica Vicente (SVP & CFO)
ProductsFruit
Tin Cans
Juice
Poultry
Revenue$3.93 Billion United States dollar (2014)
Number of employees
45,000 [1]
Websitefreshdelmonte.com

Fresh Del Monte Produce Incorporated is one of the world’s leading vertically integrated producers, distributors, and marketers of fresh and fresh-cut fruits and vegetables. Their products include prepared fruit and vegetables, juices, beverages, snacks, and desserts, and are sold in more than 90 countries around the world.

Fresh Del Monte Produce markets its fresh products worldwide under the Del Monte, UTC, ROSY and other brands. A key product is its Del Monte Gold pineapple.[2] Although no longer affiliated with Del Monte Foods,[3] Del Monte Produce continues to market pineapples, bananas, and other produce under a licensing agreement for the Del Monte label.

Fresh Del Monte also operates a shipping line called Network Shipping and has a trucking operation called Tricont Trucking. In addition, they have food and beverage operations that sell freshly prepared food products in convenient locations.

Fresh Del Monte Produce was created in 1989 when RJR Nabisco sold the fresh fruit division of Del Monte Foods to Polly Peck.[4] After the collapse of Polly Peck, Fresh Del Monte was sold to Mexican businessman Carlos Cabal Peniche. Cabal fled Mexico after being accused of fraud and the Mexican government seized Fresh Del Monte.[citation needed] Mohammed Abu-Ghazaleh purchased Fresh Del Monte in 1996.[5] The company went public in 1997.[6] Fresh Del Monte acquired Del Monte Europe in 2004.[7] In 2018, Fresh Del Monte Produce acquired American vegetable packer Mann Packing.[8]

Fresh Del Monte Produce is incorporated in George Town, Cayman Islands. The U.S. executive office is located at 241 Sevilla Avenue, Coral Gables, Florida.[9]

See also

  • Chiquita Brands International
  • Del Monte Foods
  • Del Monte Kenya
  • Dole Food Company
  • Fyffes

References

  1. ↑ FDP: Profile for FRESH DEL MONTE PRODUCE INC. - Yahoo! Finance
  2. ↑ Fresh Del Monte Incorporated Website
  3. ↑ "Fresh Del Monte Produce Inc. website". http://freshdelmonte.com/. Retrieved 2012-03-31. "Fresh Del Monte Produce Inc. and its subsidiaries ("Del Monte Fresh Produce" or "Company") are not affiliates of Del Monte Corporation or its parent, Del Monte Foods Company." 
  4. ↑ "British Conglomerate to Buy Part of Del Monte From RJR". Los Angeles Times. Associated Press. 1989-09-08. ISSN 0458-3035. http://articles.latimes.com/1989-09-08/business/fi-1943_1_del-monte. Retrieved 2015-02-09. 
  5. ↑ "Arabian Business Power 500 2013 - ArabianBusiness.com". http://www.arabianbusiness.com/arabian-business-power-500-2013-493796.html?view=profile&itemid=493682#.VNgYGS6xWDg. Retrieved 2015-02-09. 
  6. ↑ "Fresh Del Monte Sells 16 Million Shares At $16 - Orlando Sentinel". http://articles.orlandosentinel.com/1997-10-24/business/9710231108_1_monte-produce-fresh-del-del-monte. Retrieved 2015-02-09. 
  7. ↑ "COMPANY NEWS; FRESH DEL MONTE TO BUY DEL MONTE FOODS EUROPE". The New York Times. 2004-07-16. ISSN 0362-4331. https://www.nytimes.com/2004/07/16/business/company-news-fresh-del-monte-to-buy-del-monte-foods-europe.html. Retrieved 2015-02-09. 
  8. ↑ "Del Monte agrees to buy Mann Packing for $361m". The Salinas Californian. https://www.thecalifornian.com/story/news/2018/02/06/del-monte-buys-mann-packing-361-million/310714002/. Retrieved 2018-09-04. 
  9. ↑ Fresh Del Monte FAQ

External links



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