138-year old grocery store staple files for bankruptcy
Source: CNN Business
Updated 7:13 AM EDT, Wed July 2, 2025
New York CNN Del Monte Foods, the 138-year-old company best known for its canned fruits and vegetables, has filed for bankruptcy and is looking for a buyer. Late Thursday, the company announced it was voluntarily entering Chapter 11 and is going through a sale process for all of its assets. Among the companys product lines are a number of well-known kitchen staples, including College Inn broths and Contadina canned tomatoes, as well as its flagship Del Monte brand.
After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods, said President and CEO Greg Longstreet, in a statement.
Del Monte said it secured $912.5 million in new funding that will allow the company to remain afloat during the sale process and will keep the company operating as normal as it enters the peak canning season. The company listed liabilities estimated between $1 billion and $10 billion, according to court documents.
With an improved capital structure, enhanced financial position and new ownership, we will be better positioned for long-term success, added Longstreet. He said that the company has faced challenges intensified by a dynamic macroeconomic environment, notably consumers cutting back on their spending and a growing shift toward spending on private labels.
Read more: https://www.cnn.com/2025/07/02/food/del-monte-foods-bankruptcy
I can't name how many things I have bought from them if not getting the store brand. They tended to be cheaper than other brand names like Green Giant. Didn't realize they owned Contadina (that I have in my pantry and grew up with).

Silent Type
(11,290 posts)if nothing else.
You will still get the product still get Wonder Bread..Twinkies etc... All this is is condolidation,,, Look at the major breweries and the beers that you can not get anymore, and the ones you can,,, This brand is the greatest for what it does Total STOP
Shellback Squid
(9,637 posts)AllaN01Bear
(27,502 posts)Botany
(75,402 posts)Fills her up but with no calories.
I am making Del Montes Italian style corn this afternoon.
https://www.delmonte.com/recipes/collections/super-weeknight-recipes/corn-5-ways
I have the basal and Serrano peppers ( in place of the red pepper flakes ) in my garden.
PoindexterOglethorpe
(28,089 posts)would have zero calories. Not a lot is one thing, but zero? Where can I find this?
AllaN01Bear
(27,502 posts)will g o back to them looking for sodium free . i have several books on using canned foods . discovered them when going to the library. called a man a can a plan. did id quite a few good meals out of that , also can eat canned food when no power or gas . dont need to refrigerate . https://www.amazon.com/Man-Can-Plan-Second-Helping-ebook/dp/B00DGV80Y8
wolfie001
(6,235 posts)Hilarious! Canned peas, canned corned beef, an onion, a little veggie oil, tomato ketchup, and salt and pepper to taste. Maybe some other ingredient too. You can check it out. Wasn't that bad. The guys (hobos from seasonal work) who used to go from town to town on the back of railroad cars before WW2 would cook stuff like this. Ingenius and cheap meal. No refridge required.
AllaN01Bear
(27,502 posts)id add mixed vegges for variation .
wolfie001
(6,235 posts)I was having a Tennessee William's dinner fest celebration! Cheers!
twodogsbarking
(16,025 posts)was in NY for a music awards show. It was one of the first times that two locations were broadcast together. It was a new thing and not perfect so the picture would fuzz out. Andy Williams kept saying "Can you see me Stevie?". He kept saying it. Never laughed any harder in my life.
wolfie001
(6,235 posts)So funny!
Farmer-Rick
(12,081 posts)I fry it up with potatoes and onions and serve it with eggs. But my family never liked it. So, it was a guilty pleasure.
wolfie001
(6,235 posts)If I indulge too often, my doctor will find me out. Again
wolfie001
(6,235 posts)With the diabetic epidemic today, this is not a bad thing. They should pivot to healthier options and stop paying idiot celebrities to push their crap.
CTyankee
(67,120 posts)unsweetened variety and if not that I get the artificially sweetened.
BumRushDaShow
(160,962 posts)I always get the "in juice" (or water) kind vs the "in syrup". But most of the time, I buy bags of frozen fruit!
CTyankee
(67,120 posts)My guess is that I checked that option out before and found it too expensive. I am on a strict food budget, while also trying to eat healthily. It's difficult to do but I try!
BumRushDaShow
(160,962 posts)so whenever I make oatmeal (I usually make a 4-serving batch for a week of rotating breakfasts), I'll rotate in different frozen fruits like peach slices, blueberries, strawberries, or mixed berries (which are usually blackberries, raspberries, blueberries, and strawberries) that get added into the cooker with the oats (I'll also rotate in a fresh apple that I'll peel, slice, and add)!
CTyankee
(67,120 posts)But I can certainly serve the fruit right out of the bags!
good thoughts and thanks!
moniss
(8,126 posts)and I sometimes have to take bowls with ingredients and sit down to finish mixing them or leave them for later while I lay down for awhile to help make the swelling and pain go away. I'm good for about 5 minutes or less on my feet before things start getting bad in my hips, back, feet and shoulders. I've got one knee with a permanent bend in it already and so the other leg and hip have to bear more too. Sometimes if I try to turn around too fast with a bowl or pan in my hands I can begin to have balance problems.
Kneading dough, using a rolling pin, stirring thick mixtures etc. are all things I'm not readily able to do anymore.
Beacool
(30,455 posts)I eat plenty of fresh fruit. I have mixed berries and half a small banana in my daily Greek yogurt in the mornings. This time of year I make plenty of fruit salads, a healthier desert than ice cream. But, I do buy the canned fruit in juice when I want to add it to jello. They hold better than fresh fruit.
wolfie001
(6,235 posts)Wasn't even thinking that through! That was my knee jerk, boomer: "Get off my lawn!" post this am.
bucolic_frolic
(52,568 posts)They may not have been the most stable financially all along, perhaps due to size. History reveals a long long history of slicing and dicing, selling off bits, buying other bits, yet is has only a handful of well-known brands unlike many food conglomerates like ConAgra, Kraft Heinz, etc.
https://en.wikipedia.org/wiki/Del_Monte_Foods
wolfie001
(6,235 posts)Big metal cylinders of liquid processed cheese! YUMMY!
twodogsbarking
(16,025 posts)wolfie001
(6,235 posts)In that big white container with the plastic pourable spout. I haven't been to one in over 2 decades. I wonder if they still do that.
twodogsbarking
(16,025 posts)wolfie001
(6,235 posts)I cook all the time now by the way! Watching all my pennies and I've finally figured out my mysterious bread machine
yardwork
(68,174 posts)moniss
(8,126 posts)Historic NY
(39,315 posts)I buy regularly their low salt variety is half the price of Pacific at least in my store
Aristus
(70,993 posts)And the intellectually challenged of America think they should run the country?
Joinfortmill
(19,016 posts)Mawspam2
(1,039 posts)maxsolomon
(37,439 posts)Were they bought and loaded up with debt?
DNK...
not fooled
(6,480 posts)The linked story is scant on details. 'Murican corporate media don't want the toxic aspects of current business practices aired out.
Doodley
(11,440 posts)Beacool
(30,455 posts)Who hasn't eaten their products over the years? I probably have some of their cans of corn and peas in the pantry right now.
So sad to hear this, I hope that they can survive.
Old Crank
(6,272 posts)that more and more people aren't buying canned fruits and veggies like they used to.
My canned goods are.
Pineapple rings and pears for upside down cake. Beans of several types and some tomato sauces.
generalbetrayus
(1,250 posts)will like go bankrupt, for lack of product. , kind of.
Jit423
(1,568 posts)Quanto Magnus
(1,259 posts)took so much in 'salary' that it bankrupted the company. They're going to blame the customers though....
SFRose
(2 posts)Working on the Del Monte string bean canning line was my first summer job after high school in Oregon. It was a fun job, but mostly boring. One memorable highlight was snatching a big, fat green caterpillar emerging from the blancher right before it dropped into the canning line. I stared at it in disbelief before grabbing it and throwing it in the trash! Good times.
elleng
(140,908 posts)The best Stewed Tomatoes!!!
Born Free
(1,647 posts)Maybe not the best, but better than most store brands we tried in that price range.
hunter
(39,985 posts)They were competitors in the coffee business.
Del Monte went fruits, my direct ancestors went dairy.
That family wealth did not survive the Great Depression and it wouldn't have mattered anyways because my grandma and her sister hated cows and dairymen.