Del Monte Foods, the nearly 140-year-old canned food giant based in Walnut Creek, has filed for Chapter 11 bankruptcy protection and is seeking a buyer.
Del Monte President and CEO Greg Longstreet said in a news release Tuesday that the California-based company had voluntarily filed for Chapter 11 bankruptcy at the U.S. Bankruptcy Court for the District of New Jersey and was pursuing a “court-supervised sale process” that would “accelerate our turnaround.” According to the news release, operations at Del Monte are expected to continue without interruptions.
“While we have faced challenges intensified by a dynamic macroeconomic environment, Del Monte Foods has nourished families for nearly 140 years, and we remain committed to our mission of expanding access to nutritious, great-tasting food for all,” Longstreet said in the news release…