Del Monte to close two US facilities, sell another as it turns to asset-light strategy

Singapore

FOOD and beverage firm Del Monte Pacific Limited will close two US production facilities and sell a third in a bid to move to an asset-light strategy, it said in a bourse filing on Tuesday night.

Owned by its US subsidiary Del Monte Foods, the two facilities to be closed are located at Sleepy Eye in Minnesota and Mendota in Illinois while the third one in Cambria, Wisconsin, will be sold as an operating facility.