Published April 28, 2021, 4:35 PM
Shareholders of Del Monte Philippines, Inc. (DMPI) are planning to raise up to P44 billion through an initial public offering of shares they own that are equivalent to 28.75 percent of the company.
Based on the registration statement filed with the Securities and Exchange Commission,publicly-listed Del Monte Pacific Ltd. (DMPL) owns 87 percent of DMPI through Central American Resources, Inc. (CARI) while SEA Diner Holdings (S) Pte. Ltd. owns the balance of 13 percent.
DMPL and SEA Diner intend to offer up to 15 percent and up to 10 percent of their stake in DMPI, respectively, for a combined offering of up to 25 percent or 699.33 million DMPI shares.
Del Monte Fresh Produce expands organic fresh-cut fruit production in North America
Del Monte Fresh
Produce N.A. Inc. announced the expansion of its organic fresh-cut fruit production in North America, specifically in the U.S. and Canada. This expansion will allow Fresh Del Monte to continue growing its fresh-cut fruit and organic fresh-cut fruit businesses nationally, while diversifying its variety of produce SKUs.
For over 20 years, Fresh Del Monte has offered conventional fresh-cut fruit processing nationwide. The expansion to organic fresh-cut fruit production comes as a result of popular trends and rising demand for organic products. Fresh Del Monte strives to grow its business and elevate its existing operations to unprecedented new heights. Continuing to meet consumers’ desires and needs, the brand ensures its organic produce has consistent quality, freshness and reliability in its raw product.
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CORAL GABLES, Fla., April 6, 2021 /PRNewswire/ Monte Fresh Produce N.A., Inc. ( Fresh Del Monte ) announces restructuring of the North America organization following the departure of former Senior Vice President, Annunciata (Nucci) Cerioli, effective March 22, 2021. The organization will now be led by Jesus Rodriguez, who will serve as Senior Vice President of Sales (North America); and Ziad Nabulsi, who will serve as Senior Vice President of Operations (North America); both reporting to Youssef Zakharia, President & Chief Operating Officer. In addition, Dave Russell, Vice President, Sales (North America) announced his retirement. Dave will remain with Fresh Del Monte through the end of this year working on various strategic initiatives in North America. Over the coming weeks, Dave will work closely with Jesus to ensure a smooth transition of sales activities.