Fresh Del Monte Produce Inc. has announced that its North America subsidiary, Del Monte Fresh Produce N.A., has entered into a definitive agreement to acquire Mann Packing Co.
Mann Packing is a leading grower, processor and supplier of fresh and value-added vegetable products in North America. Its 2017 annual sales were approximately $535 million.
Mann Packing’s strength in the vegetable category, one of the fastest growing fresh food segments, will help Fresh Del Monte Produce diversify its business, leverage its distribution network and infrastructure and increase market reach.
“This transaction will provide us with synergies, enhancing our ability to better serve our combined customers and address consumers’ needs for healthier products,” said Fresh Del Monte chairman and CEO Mohammad Abu-Ghazaleh.