Conagra Group is selling its Del Monte processed fruit and vegetable business in Canada to Bonduelle Group for $43 million.
"We continue to reshape our portfolio and focus resources in areas that best support our business strategy and drive value creation for shareholders,” said Conagra president and CEO Sean Connolly. “Del Monte is a strong brand in Canada with quality products, and we believe the Del Monte processed fruit and vegetable business will continue to thrive under Bonduelle's ownership."
The sale is expected to be completed before the end of May.
Business Insider covered the sale here.