Del Monte Corp. has entered a joint venture in China for the sale of fresh-cut fruit products.
The New York-listed company, which traded as Fresh Del Monte Produce until undergoing a corporate name change in June, has inked a partnership with Riverking (Shanghai) Agricultural Technology Development Co.
In a statement, Riverking was described as a "leading integrated private fruit enterprise".
Del Monte said the joint venture has been struck through its Hong Kong subsidiary Del Monte Fresh Produce (HK) to take advantage of "China's rapidly growing fresh-cut fruit market".
According to Del Monte's 2025 annual report, Asia accounted for 9% of its total sales last year of $4.32bn. Fresh and "value-added" products generated $2.62bn for the group as a whole and bananas $1.49bn. "Other" products made up the rest.
#monte #fruit
The New York-listed company, which traded as Fresh Del Monte Produce until undergoing a corporate name change in June, has inked a partnership with Riverking (Shanghai) Agricultural Technology Development Co.
In a statement, Riverking was described as a "leading integrated private fruit enterprise".
Del Monte said the joint venture has been struck through its Hong Kong subsidiary Del Monte Fresh Produce (HK) to take advantage of "China's rapidly growing fresh-cut fruit market".
According to Del Monte's 2025 annual report, Asia accounted for 9% of its total sales last year of $4.32bn. Fresh and "value-added" products generated $2.62bn for the group as a whole and bananas $1.49bn. "Other" products made up the rest.
#monte #fruit
10 days ago
