FRESH DEL MONTE PRODUCE INC. (NYSE:FDP) Files An 8-K Other Events
Item8.01. Other Events.
On June27, 2017, Fresh Del Monte Produce Inc. (the Company) and
Del Monte Pacific Limited (Del Monte Pacific) jointly announced a
series of new joint ventures between the Company and Del Monte
Pacific. The Company and Del Monte Pacific also announced their
entrance into a long-term mutual supply agreement, various joint
collaborations and the full and final settlement of all active
litigation between Del Monte Pacific and its subsidiary Del Monte
Foods Inc., on the one hand, and the Company, on the other hand,
effective immediately.
Set forth below is the percentage ownership of each of the joint
ventures:
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| Food Beverage Retail Outlets | 2/3 FDP and 1/3 DMPL | |
| Chilled Juices | 51% FDP and 49% DMPL | |
| Processed Refrigerated Fruit Products | 51% DMPL and 49% FDP | |
| Avocado Products Produced using High Pressure Technology | 51% DMPL and 49% FDP | |
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(1) |
In this table, references to FDP are to Fresh Del Monte Produce, Inc., including its subsidiaries, and references to DMPL are to Del Monte Pacific Limited, including its subsidiaries. |
A copy of the press release is filed herewith as Exhibit 99.1.
Item9.01 |
Financial Statements and Exhibits. |
(d) Exhibits.
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| 99.1 | Press Release dated June27, 2017. |
FRESH DEL MONTE PRODUCE INC ExhibitEX-99.1 2 d375028dex991.htm PRESS RELEASE Press Release Exhibit 99.1 FOR IMMEDIATE RELEASE DEL MONTE PACIFIC LIMITED AND FRESH DEL MONTE PRODUCE ANNOUNCE NEW JOINT VENTURES IN RETAIL AND REFRIGERATED GROCERY PRODUCTS Companies’ Settlement of all Litigation Facilitates New Collaboration and Product Innovation CORAL GABLES/SINGAPORE/MANILA 27 June 2017/28 June 2017 – Del Monte Pacific Limited (DMPL,…To view the full exhibit click here About FRESH DEL MONTE PRODUCE INC. (NYSE:FDP)
Fresh Del Monte Produce Inc. is a holding company. Through its subsidiaries, the Company is engaged in sourcing, transportation and marketing of fresh and fresh-cut fruit and vegetables together with prepared food products in Europe, Africa and the Middle East. The Company’s operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food. The Company sources fresh produced products, such as bananas, pineapples, melons, tomatoes, grapes, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries and kiwi from Central and South America, Africa, the Philippines, North America and Europe. The Company sources its prepared food products from Africa, Europe and the Middle East. It distributes its products in North America, Europe, Asia, the Middle East, Africa and South America. The Company markets its products across the world under the DEL MONTE brand and other brands, including UTC, Rosy and Fruit Express.
