The closure of Del Monte Foods' two California canning plants has resulted in a projected $550 million loss for the region’s leading peach growers.

The move also means that about 75,000 tons of peaches will likely go to waste.

By this time of year, Richard Lial’s Escalon peach trees – bursting with pink-white blossoms – should have been pruned. Soon the blooms would need spraying, and he would feed all 105 acres with the ...

The settlement and sale of the assets of Del Monte Foods are the required milestones in order for it to file for bankruptcy Read more at The Business Times.

Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or ...

California peach growers have lost $550 million in contracts from food giant Del Monte when the 135-year-old company declared bankruptcy last year. “Nobody wins in a situation like this. We’re all ...

Del Monte Foods, whose canned vegetables and fruit have long been a staple on grocery store shelves, announced Monday that it has filed for bankruptcy and will seek a buyer. The nearly 140-year-old ...

A grocery store staple has filed for bankruptcy. Del Monte Foods, known for its canned fruits and vegetables, filed for Chapter 11 bankruptcy protections Tuesday and is now seeking a buyer. “After a ...