Fresh Del Monte Produce

Fresh Del Monte Produce Incorporated
Type	Public
Traded as	NYSE: FDP; S&P 600 Component; Russell 2000 Component
Industry	Agriculture
Predecessor	Del Monte Corporation (fruit division)
Founded	1989; 37 years ago
Headquarters	Coral Gables, Florida, U.S.
Key people	Mohammad Abu-Ghazaleh (Chairman & CEO); Mohammed Abbas (EVP & COO; Monica Vicente (SVP & CFO);
Products	Fruit; Tin Cans ; Juice; Poultry
Revenue	US$4.32 billion (2023)
Number of employees	45,000
Website	freshdelmonte.com

Fresh Del Monte Produce Incorporated is one of the world’s leading vertically integrated producers, distributors, and marketers of prepared, fresh and fresh-cut fruits and vegetables. Their products include prepared fruit and vegetables, juices, beverages, snacks, and desserts sold under the Del Monte brand in Europe, Middle East and Africa, as well as fresh products worldwide under the Del Monte, UTC, ROSY and other brands.

A key product is its Del Monte Gold pineapple.^[2] Del Monte Kenya is a subsidiary of Fresh Del Monte Produce involved in the cultivation, production, and canning of pineapple products.

Fresh Del Monte also operates a shipping line called Network Shipping and has a trucking operation called Tricont Trucking. In addition, they have food and beverage operations that sell freshly prepared food products in convenient locations.

Fresh Del Monte Produce was created in 1989 when RJR Nabisco sold the fresh fruit division of Del Monte Foods to Polly Peck.^[3] After the collapse of Polly Peck, Fresh Del Monte was sold to Mexican businessman Carlos Cabal Peniche. Cabal fled Mexico after being accused of fraud and the Mexican government seized Fresh Del Monte. Mohammed Abu-Ghazaleh purchased Fresh Del Monte in 1996.^[4] The company went public in 1997.^[5] Fresh Del Monte acquired Del Monte Europe in 2004.^[6] In 2018, Fresh Del Monte Produce acquired American vegetable packer Mann Packing.^[7]

Fresh Del Monte Produce is not affiliated with Del Monte Pacific Limited and its subsidiaries Del Monte Foods in the United States and Del Monte Philippines, Del Monte Panamerican in Central America, or Del Monte Asia Pte Ltd which is a part of the Kikkoman Corporation, however these companies continue to market pineapples, bananas, and other produce under a licensing agreement for the Del Monte label in their respective exclusive geographical territories.^[8]

Fresh Del Monte Produce is incorporated in George Town, Cayman Islands. The U.S. executive office is located at 241 Sevilla Avenue, Coral Gables, Florida.^[9]