Del Monte to focus solely on pet products
10/12/2013SAN FRANCISCO — Del Monte Foods is selling off its fruit and vegetable business to focus instead on tasty vittles for pets.
The San Francisco company said Friday that it is selling its consumer products business, which includes canned Del Monte pineapple and Contadina tomatoes, to Del Monte Pacific Ltd. in Asia for $1.68 billion.
It will then begin catering solely to the tastes of furrier consumers through its pets business.