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Del Monte Foods Acquires Kitchen Basics; Greg Longstreet and Bibie Wu Comment

Del Monte Foods Acquires Kitchen Basics; Greg Longstreet and Bibie Wu Comment


WALNUT CREEK, CA
Friday, August 5th, 2022

A major acquisition hit the wire last week as Del Monte Foods completed a deal with McCormick & Company. The company acquired Kitchen Basics®, a line of ready-to-use stocks and broths, to expand its national retail presence in the category.

Greg Longstreet, President and Chief Executive Officer, Del Monte Foods“Del Monte Foods has gone through a positive transformation over the past five years, and we have become a leading innovative CPG growth company,” said Greg Longstreet, President and Chief Executive Officer of Del Monte Foods. “As we plan for the next decade of growth, we’re committed to strengthening our branded product portfolio to meet consumers’ changing needs. Building on our regional College Inn® brand, the acquisition of Kitchen Basics will provide synergies across our business to scale our broth and stock portfolio across North America.”

Kitchen Basics has an extensive portfolio of conventional and organic stocks and broths, including Chicken, Unsalted Chicken, Beef, Unsalted Beef, Vegetable, Unsalted Vegetable, Turkey, Seafood, and Creamy Bean & Vegetable.

Del Monte Foods has acquired Kitchen Basics®, a line of ready-to-use stocks and broths, to expand its national retail presence in the category

According to the release, Kitchen Basics was founded in 1996 as the pioneer in liquid stock and remains an industry leader in the U.S. today. The purchase of the brand supports the company’s overall growth strategy, as Del Monte Foods focuses on innovation, renovation, and customization of its iconic brand portfolio, and expands the geographic reach of its stocks and broths business.

Bibie Wu, Chief Marketing Officer, Del Monte Foods“We’ve seen heightened interest in broth and stocks over the last few years as consumers double down on home meal preparation, health, and wellness,” said Bibie Wu, Chief Marketing Officer of Del Monte Foods. “Kitchen Basics is well-known for its culinary quality. We’re excited to bring Kitchen Basics into the Del Monte family of brands to help people create healthful meals they love.”

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