Fresh Del Monte Produce has received approval from the US Bankruptcy Court to acquire select assets of California-based Del Monte Foods Corporation and its affiliates. This marks a significant milestone in a court-supervised sale process under Section 363 of the US Bankruptcy Code. The court ruling allows the transaction to advance to the pre-closing phase, providing regulatory and procedural certainty as the company moves through the remaining steps, including customary regulatory reviews and other closing conditions. 

Fresh Del Monte will pay $285 million and assume certain liabilities for the assets. The company expects the transaction to close in the first quarter of 2026, pending final regulatory approvals and standard closing requirements. Upon closing, Fresh Del Monte will acquire a portfolio of prepared and packaged food businesses, including vegetable, tomato, and refrigerated fruit operations.

The deal also includes global ownership of the Del Monte brand, subject to existing licensing arrangements. With court approval secured, Fresh Del Monte is now focused on completing regulatory reviews and preparing for integration. Fresh Del Monte Produce operates in over 80 countries and is one of the world's largest vertically integrated producers and distributors of fresh and fresh-cut fruits and vegetables. The company also maintains a significant presence in the prepared food market across Europe, Africa, and the Middle East.