This past Tuesday, July 1, 2025, historic canned food giant Del Monte Foods filed for bankruptcy in the New Jersey court system. In a press release to "Good Morning America" (via ABC News), the president and CEO of the long-standing brand, Greg Longstreet, cited "challenges intensified by a dynamic macroeconomic environment" among the reasons for the company's voluntary request to sell its assets via Chapter 11 bankruptcy under the court system.
Recent inflation and increased tariffs on steel and aluminum (which underwent a 100% increase in the last month) played a role in Del Monte's move, which Longstreet describes as "strategic." But like many mega-brands, Del Monte is more than just canned fruits and veggies, like those fruit cocktails and canned peaches you use for baking and cooking. This poses key questions for what the bankruptcy will mean for its other food operations. Specifically, the company is made up of around 17 subsidiary brands, including Contadina, Joyba Bubble Tea, Take Root Organics, College Inn, and Kitchen Basics.
Future changes are certainly possible for these brands. However, according to information released by the company this week, operations will continue as normal for the time being. Reportedly, $165 million in funds have been requested to support the canned food company and its many sub-brands during the transition of ownership and restructuring. This means as-usual payments to fulfillment companies like Uber Freight to maintain normal business for the canned food products and other brands, including bubble tea, tomato sauces, and food service items. . .
It's literally not food anymore anyway. The nutritional info on this stuff is all zero'd out. The only value present is sugars and carbs which is basically the same thing.
I never saw the point in buying named brand can goods. I always buy whatever is cheapest. Can most people tell the difference?
I usually buy the house brands but sometimes, particularly with corn ... it sucks. Tastes like fodder corn or some GMO bastardization that tastes like shit. String beans, I can't tell the difference. Peas sometimes pick up a taste like the barn muck they used to fertilize the field (Great Value Brand).
I do love Del Monte Stewed Tomatoes, hard to beat them in American Chop Suey.
I do like stewed tomatoes. I'll have to try theirs.
CEO has a salary of 8.8 million....
Unless one is buying canned goods to prep for preppers sake, (and if one is, one should avoid the Del Monte and Del Monte adjacent grocery store plastic lined shit with a short shelf life and instead go for the enamel line 20+ year shelf life stuff) then there is absolutely no health and wellness reason to buy it. It is bereft of all nutrients and is nothing more than preservative, BPA/micro plastic laden dead caloric gut filler that will turn the frogs gay and make you sprout moobs.
Stick to single ingredient foods. Fresh Meat, fresh dairy, fresh fruit, fresh veggies.
Seems like a scam to dump some debt
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