Fresh Del Monte Produce Company Description
Fresh Del Monte Produce expects to be squeezed and sniffed. Although no longer related to Del Monte Foods, the company holds the license to use the name on the fresh fruits and vegetables that it grows, transports, and markets worldwide. In Europe, the Middle East and Africa, it holds the license on both fresh and canned products. Its Del Monte Gold Extra Sweet pineapples have made it the world's #1 pineapple seller, holding a 35% market share. The firm is also one of the world's top banana producers, with some 12% of the world market share. Produce is grown on company-owned farms and purchased from contract growers. The Abu-Ghazaleh family (including CEO Mohammad) owns about 27% of Fresh Del Monte Produce.
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The Company Description provides a historical perspective of Fresh Del Monte Produce's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Fresh Del Monte Produce's evolution in the marketplace.
