Del Monte Foods Completes Acquisition of Agrilink's Cambria, Wisconsin Vegetable Facility.SAN FRANCISCO, CA--(BUSINESS WIRE)--December 17, 1999-- Del Monte Foods Del Monte Foods (NYSE: DLM) is an American food production and distribution company based in San Francisco, California. It offers canned goods in Del Monte, S&W and Contadina brands, pet foods under Kibbles n' Bits, 9Lives, Pounce, Milk-Bone and several premium brands, Company (NYSE NYSE See: New York Stock Exchange : DLM See ILM. DLM - Distributed Lock Manager on distributed VMS systems. ) and Agrilink Foods, Inc. Rochester, N.Y., a wholly-owned subsidiary of Pro-Fac Cooperative (Nasdaq: PFACP), today jointly announced they have completed the sale of Agrilink's Cambria, Wisconsin vegetable processing facility to Del Monte Foods. The sale includes an agreement for Del Monte to produce a portion of Agrilink's product needs during the 2000 packing season. Additional terms of the transaction were not disclosed. Del Monte Foods Company, with net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of over $1.5 billion in fiscal 1999, is the largest producer and distributor of premium quality, branded processed fruit, vegetable and tomato products in the United States. The Del Monte brand is one of the best known brands in the United States. The Company operates fourteen production facilities in California, the Midwest, Washington and Texas and six distribution centers. Agrilink is a $1.5 billion dollar national food company which processes and markets a variety of product lines of branded, private label and foodservice products in 32 facilities located throughout the United States and Mexico. Included in Agrilink's portfolio are the Birds Eye, Veg-All, McKenzie and Comstock brands. Pro-Fac Cooperative, an agricultural marketing cooperative An agricultural marketing cooperative, also known as a farmer's co-op, is a cooperative business owned by farmers, to produce or (usually) store and market agricultural products. which consists of over 600 members, processes fruits, vegetables and popcorn through its subsidiaries Agrilink Foods and AgriFrozen, Inc. |
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