Monday, February 27, 2006

Del Monte selling private-label operations

According to The Pittsburgh Tribune-Review, Del Monte is trying to sell the private-label baby food and soup operations it bought from Heinz in 2002.

Del Monte's share of the baby food market has dropped badly since they took it over, from 11.7% in 2003 to 7.4% last year. Gerber dominates the category at 70%.

Update, Tuesday 2/28: According to this item, the buyer is TreeHouse Foods.

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