Fresh Del Monte agreed to purchase select assets from Del Monte Foods for $285 million plus assumed liabilities under a court-supervised process. The deal covers vegetable, tomato, refrigerated foods and fruit units under Del Monte, S&W and Contadina brands, including global Del Monte intellectual property. U.S. Bankruptcy Court approval is secured, and closing is expected by end of Q1 2026 pending HSR antitrust clearance and customary conditions.

In the fourth quarter, net sales rose to $1.02 billion and diluted EPS reached $0.67. Strength in third-party ocean freight, higher banana selling prices and tariff-related price adjustments in North America offset volume declines in fresh-cut vegetables, yielding gross profit of $106 million and operating income of $46 million.

For the full year, net sales totaled $4.3 billion with adjusted EPS of $3.68 and adjusted EBITDA of $300 million. The company maintained leverage below 1x EBITDA, generated $245 million of operating cash flow, repurchased $30 million of shares and declared a $0.30 quarterly dividend.