138-year old grocery store staple files for bankruptcy
Source: CNN Business
Updated 7:13 AM EDT, Wed July 2, 2025
New York CNN — Del Monte Foods, the 138-year-old company best known for its canned fruits and vegetables, has filed for bankruptcy and is looking for a buyer. Late Thursday, the company announced it was voluntarily entering Chapter 11 and is going through a sale process for all of its assets. Among the company’s product lines are a number of well-known kitchen staples, including College Inn broths and Contadina canned tomatoes, as well as its flagship Del Monte brand.
“After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods,” said President and CEO Greg Longstreet, in a statement.
Del Monte said it secured $912.5 million in new funding that will allow the company to remain afloat during the sale process and will keep the company operating as normal as it enters the peak canning season. The company listed liabilities estimated between $1 billion and $10 billion, according to court documents.
“With an improved capital structure, enhanced financial position and new ownership, we will be better positioned for long-term success,” added Longstreet. He said that the company has “faced challenges intensified by a dynamic macroeconomic environment,” notably consumers cutting back on their spending and a growing shift toward spending on private labels.
Read more: https://www.cnn.com/2025/07/02/food/del-monte-foods-bankruptcy
I can't name how many things I have bought from them if not getting the store brand. They tended to be cheaper than other brand names like Green Giant. Didn't realize they owned Contadina (that I have in my pantry and grew up with).
= new reply since forum marked as read
if nothing else.
Hilarious! Canned peas, canned corned beef, an onion, a little veggie oil, tomato ketchup, and salt and pepper to taste. Maybe some other ingredient too. You can check it out. Wasn't that bad. The guys (hobos from seasonal work) who used to go from town to town on the back of railroad cars before WW2 would cook stuff like this. Ingenius and cheap meal. No refridge required. 
I was having a Tennessee William's dinner fest celebration! Cheers! 
So funny! 
I fry it up with potatoes and onions and serve it with eggs. But my family never liked it. So, it was a guilty pleasure.
If I indulge too often, my doctor will find me out. Again 
With the diabetic epidemic today, this is not a bad thing. They should pivot to healthier options and stop paying idiot celebrities to push their crap. 
I eat plenty of fresh fruit. I have mixed berries and half a small banana in my daily Greek yogurt in the mornings. This time of year I make plenty of fruit salads, a healthier desert than ice cream. But, I do buy the canned fruit in juice when I want to add it to jello. They hold better than fresh fruit.
Wasn't even thinking that through! That was my knee jerk, boomer: "Get off my lawn!" post this am.
Big metal cylinders of liquid processed cheese! YUMMY! 
In that big white container with the plastic pourable spout. I haven't been to one in over 2 decades. I wonder if they still do that.
I cook all the time now by the way! Watching all my pennies and I've finally figured out my mysterious bread machine
Who hasn't eaten their products over the years? I probably have some of their cans of corn and peas in the pantry right now.
So sad to hear this, I hope that they can survive.
will like go bankrupt, for lack of product. 
, kind of.
