Del Monte Foods
Iconic food producer of canned fruits and vegetables.
PE-OWNED
Acquired by KKR2011-03-01
What Made It Great
Fresh-tasting canned fruits and vegetables for wholesome family meals.
What PE Will Likely Do
Del Monte's canned fruits and vegetables will start using lower-quality, cheaper ingredients to reduce costs
Del Monte will likely start 'shrinking' can sizes while maintaining or even increasing prices
Del Monte may switch to lower-cost suppliers and manufacturing options, impacting product freshness and taste
Del Monte may alter its product recipes to further reduce ingredient costs, changing the flavor profiles of its iconic canned goods
Expected Timeline
“0 to 6 months months”
Minimal visible changes as ownership transitions, but behind-the-scenes supplier and formula changes begin
“6 to 12 months months”
Consumers start noticing subtle differences in the taste, texture, and quality of Del Monte's canned fruits and vegetables
“12 to 24 months months”
Del Monte's brand reputation begins to suffer as consumers complain about the declining quality of its iconic products, leading to significant market share loss
Similar Cases
Other companies that followed a similar path after PE acquisition
What You Can Do
Actions
Be on the lookout for changes in the taste, texture, or quality of your favorite Del Monte canned fruits and vegetables
Consider switching to alternative brands that prioritize quality and freshness if you notice a decline in Del Monte's product quality
Voice your concerns and feedback to Del Monte and its new owners to advocate for maintaining the brand's original high standards
Alternatives
Look for family-owned or employee-owned businesses