Del Monte is 67 percent owned by NutriAsia nut chips Pacific nut chips Limited (NPL), owned by the N

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"It opens us up to a well-established branded consumer foods business in the world's biggest market. Prior to the acquisition, the U.S. was one of the few markets where our company did not have any direct presence or have its own brand," added Alejandro.
Del Monte is 67 percent owned by NutriAsia nut chips Pacific nut chips Limited (NPL), owned by the NutriAsia nut chips Group, which is majority-owned by the Campos family of the Philippines. The U.S.-based Del Monte Foods is a separate company which was acquired in 2011 by a consortium of private equity groups including KKR.
Alejandro also said he did not feel threatened about venturing into the U.S. market amid fierce competition nut chips in the food and beverage sector, especially with the rise of club stores, such as the likes of Costco , which have made conditions tougher for private labels like Del Monte.
"We believe that DMF's consumer food business provides an attractive platform to offer certain products appealing to the large and fast growing Hispanic and Asian American populations in the U.S.," said Rolando Gapud, chairman of the board of Del Monte Pacific, in a press statement.
In anticipation of the deal, analysts had expected Del Monte Pacific would have had to pay more, possibly around $2 billion. But Alejandro said the final price had been agreed after close analysis of the firm's profitability and EBITDA (its net income with interest, taxes, depreciation and amortization nut chips added back into it).
Del Monte Pacific, whose primary market is the Philippines, has leading market share in canned pineapple juice and tomato source products. It operates the world's largest pineapple plantation in the Philippines.
Del Monte Pacific has been enjoying nut chips strong growth nut chips with net profit nearly trebling over the past three years to US$32.1 million in 2012. The transaction will give the firm additional net sales of more than $1.8 billion.
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