TORONTO, Jan. 25 /CNW/ - CanGro Foods Inc. today announced that it has
changed its name to 'Del Monte Canada Inc.' "The name Del Monte Canada
better represents who we are," said Bruce Major, Chief Executive
Officer, "It reinforces the strong brand focus of our company. Our
market leading Del Monte and Aylmer food products have been trusted by
Canadians for over 100 years." The business was formerly operated as
the Canadian Grocery Division of Kraft Canada prior to being sold in
January 2006 to an affiliate of Sun Capital Partners and an affiliate
of EG Capital Group, LLC.
Del Monte Canada
Del Monte Canada, is the market leader in canned fruit, refrigerated
fruit and canned tomatoes and is #2 in canned vegetables sold under the
Del Monte and Aylmer brands. The company has recently launched Del
Monte branded fruit snacks and sublicenses the Del Monte brand to
Nestlé Canada Inc. for frozen fruit novelties.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused
on leveraged buyouts, equity, debt, and other investments in companies
that can benefit from its in-house operating professionals and
experience. Sun Capital affiliates have invested in more than 255
companies worldwide with combined sales in excess of $40 billion since
Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton,
Los Angeles, and New York, as well as affiliates with offices in
London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more
information, please visit www.SunCapPart.com.
About EG Capital Group
EG Capital Group, LLC, is a private equity firm based in New York City.
The firm is focused on buy-outs of, and growth capital for, small and
medium sized companies with strong management in attractive industries
in both the United States and Canada. EG Capital targets established
and profitable businesses, primarily in consumer products (e.g. food,
beverage, personal care and household products, retail and restaurants)
and teams with operators to create significant value for all parties.
EG Capital is focused, hands-on and highly involved, applying financial
and strategic skills for its portfolio companies. The firm invests in a
variety of opportunities, including corporate carveouts, brand
revitalizations, high growth sub-sectors and turnarounds. For more
information, please visit www.egcapitalgroup.com
SOURCE Del Monte Canada Inc.
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