Del Monte Foods Canned – Files Chapter 11 Bankruptcy in New Jersey

Del Monte Foods and numerous affiliates (“Del Monte”) filed voluntary petitions for Chapter 11 bankruptcy protection in the District of New Jersey on July 1^st (Case No. (Case no. 25-16984).  Del Monte is one of the country’s largest producers, distributors and marketers of branded food products including Del Monte, College Inn and Contadina. The bankruptcy filing follows a Restructuring Support Agreement (RSA) with key lenders designed to execute a court-supervised sale of the business as a “going concern”

Del Monte estimates its assets and liabilities are each in the $1 billion to $10 billion range, with 10,000 to 25,000 creditors listed in the filings. Del Monte’s CEO, Greg Longstreet emphasized that the bankruptcy filing was a strategic move to “accelerate our turnaround” and emerge “stronger and more enduring”

Del Monte has filed “first-day” motions aiming to continue operations.  The motions  impact suppliers, employees, and vendors, such as logistics partners who are owed multi-million dollars.

If you are a creditor, vendor or supplier of Del Monte, it is important to know your rights now. Based in New Jersey, Stark & Stark Bankruptcy and Creditor’s Rights Group can help.  Our bankruptcy attorneys regularly represent trade creditors, developers, and investors throughout the country, including recently in the District of New Jersey, Southern District of New York, District of Delaware, District of Minnesota, the Eastern District of Virginia, the Southern District of Texas, and the Western and Eastern Districts of Pennsylvania regarding a variety of issues. For more information on how Stark & Stark can assist you, please contact shareholders Joseph Lemkin at 6091-791-7022 (jlemkin@stark-stark.com).