Fresh Del Monte changes name to Del Monte Corporation
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Dividend Yield: 3.7%
EPS Growth %: -10.6%
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Fresh Del Monte Produce Inc. (NYSE: FDP) announced that shareholders approved changing the company's name to Del Monte Corporation, effective June 9, 2026. The company will also change its New York Stock Exchange ticker symbol from "FDP" to "DMC" on June 29, 2026.
The name change follows the company's acquisition of select assets from Del Monte Foods Corporation II Inc. and its affiliates through a court-supervised sale process under Section 363 of the U.S. Bankruptcy Code. The transaction excluded certain assets including canned fruit and other ambient packaged fruit products for the United States, Puerto Rico, and Mexico, as well as the College Inn and Kitchen Basics brands.
Shares will continue trading under the "FDP" symbol through the close of market on Friday, June 26, 2026, before switching to "DMC" the following trading day.
"For more than 135 years, the Del Monte brand has earned the trust of consumers around the world by delivering quality fresh and shelf-stable foods to generations of families," said Mohammad Abu-Ghazaleh, the company's chairman and chief executive officer.
The company operates as a global producer, marketer, and distributor of fresh, fresh-cut, and prepared fruit and vegetables, with products sold in more than 90 countries. Fresh Del Monte Produce Inc. is not affiliated with Del Monte Foods Corporation II Inc. or other Del Monte companies worldwide, including Del Monte Asia Pte. Ltd.
The corporate restructuring reflects the company's expanded role as global owner of the Del Monte brand, subject to existing licensing arrangements.
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