Del Monte Foods has reportedly agreed to a US$5bn takeover bid from a private-equity consortium led by KKR.

A report on the New York Times website said today (25 November) that KKR, Vestar Capital Partners and Centerview Partners had struck a deal worth $5bn, including debt. An announcement could be made as soon as today, the report said.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The New York Times report followed claims from Reuters and Bloomberg that the two sides were close to a deal.

Officials at Del Monte Foods could not be reached for comment. The company is due to report its second-quarter results next Thursday (2 December).

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact