Del Monte Pacific’s unit buys assets of US brand - BusinessWorld Online

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A subsidiary of Del Monte Pacific Ltd. acquired certain assets of a US broth brand to expand its retail presence, said the Philippine-listed holding firm on Thursday. READ:

Del Monte Foods, Inc., the US subsidiary of Del Monte Pacific, acquired the assets associated with ready-to-use stock and broth brand Kitchen Basics from McCormick & Co.

Kitchen Basics was founded in 1996 and pioneered liquid stock in the United States. Its products are distributed nationally in the US and include a range of conventional and organic stock and broth offerings. Del Monte Pacific, together with its subsidiaries, is a global branded food and beverage company that caters to today’s consumer needs for premium quality, healthy products.

 

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