Kitchen basics sold

Aug 3, 20223, 2022 /PRNewswire/ -- Del Monte Foods, Inc., announced today that it completed the acquisition of Kitchen Basics®, a line of ready-to-use 

Del Monte Foods Inc. has paid $99 million for the assets of McCormick & Co. Inc.'s Kitchen Basics line of ready-to-use stocks and broths, a deal that Del Monte said was done through an auction process and negotiations between the two companies.