Del Monte Foods files for Chapter 11 bankruptcy with $1 billion in liabilities.

From Yahoo Finance: 2025-07-01 23:17:00

Del Monte Foods has filed for Chapter 11 bankruptcy, listing over $1 billion in liabilities and 10,000 creditors. The company reported $1.7 billion in U.S. revenue for fiscal year 2024, with popular brands like Del Monte canned fruits and Contadina tomato products sold nationwide.

Uber Freight, listed as an unsecured creditor, is owed over $9 million for transportation services, while Saddle Creek Logistics and CHEP USA have significant exposure. Under Chapter 11, these debts are considered unsecured claims, with no guarantee of full recovery.

Del Monte has secured $912.5 million in debtor-in-possession financing and may sell major assets as part of the reorganization. Logistics contracts could be assumed, renegotiated, or terminated by buyers. Vendors may continue operations under court supervision, with tighter credit conditions.

Logistics providers may negotiate repayment for post-filing services like transportation or warehousing with administrative expense priority. Del Monte’s reorganization process will determine how vendors are compensated. The company remains committed to supporting vendors through the bankruptcy process.

Read more: All divisions of Del Monte Foods file for chapter 11 bankruptcy