California-based Del Monte Foods, known for its canned fruits and vegetables, has filed for bankruptcy.
The company also owns the brands Contadina, College Inn, Kitchen Basics, and Joyba, the Associated Press (AP) reported on Wednesday.
CEO Greg Longstreet said, “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.”
Consumers are more and more looking elsewhere for healthier options that are lower in price, per the AP article, and the news comes amid the Trump administration’s effort called…
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