Del Monte forms fresh-cut fruit joint venture in China

M&A · Partnership
โดย Just Food·CNUS·Read original
Summary · why it matters

Del Monte Corp. has entered a joint venture in China for the sale of fresh-cut fruit products, partnering with Riverking (Shanghai) Agricultural Technology Development Co., a leading integrated private fruit enterprise. The deal, struck through its Hong Kong subsidiary Del Monte Fresh Produce (HK), targets China's rapidly growing fresh-cut fruit market. In its 2025 annual report, Del Monte noted that Asia accounted for 9% of its total sales of $4.32 billion last year, with fresh and value-added products generating $2.62 billion and bananas $1.49 billion. President and COO Mohammed Abbas said the partnership gives Del Monte a strong platform to deepen its foothold across Asia. Riverking, founded in 2003, operates 11 distribution centers in China and has offices in South America, Australia, New Zealand, North America, and Thailand.

Impact on stocks 1

Consumer Staples▲ · 1 stocks
Del Monte Corporation
DMC
▲ PositiveDemandrelevance

Del Monte formed a China joint venture with Riverking to sell fresh-cut fruit, expanding its product reach into China's growing fresh-cut market.

Off-coverage companies 1

Riverking (Shanghai) Agricultural Technology Development Co., Ltd.Private▲ Positive
Demandrelevance

Riverking partners with Del Monte to sell fresh-cut fruit in China, gaining a global brand partner and expanded product distribution.

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