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May 11, 2016 @ 7:19

Del Monte shuts down North Carolina vegetable facility

The Campos family-controlled Del Monte Pacific Ltd. is closing its vegetable processing facility in Turkey, North Carolina and transfer its production to other facilities of the company in the United States, the company said in a disclosure.

Del Monte Pacific acquired the facility when its subsidiary, Del Monte Foods Inc. bought Sager Creek, a vegetable processing company, in 2015.

“While plant production at Turkey will cease immediately, warehouse activities will continue for an interim period. Once these activities are completed, the entire facility will be closed,” Del Monte Pacific said.

The company decided to shut down operations in the North Carolina facility to make its operations more efficient, adding the one-time cost of the closure will not materially impact the group’s full year 2016 results.

Del Monte Pacific had committed to a plan to sell part of the assets of Sager Creek as early as March 2015 and immediately started efforts to sell some $8.1 million of its assets. By the end of January 2016, the assets it had left to sell had amounted to $3.6 million.

The North Carolina facility has 230 full time employees and 92 seasonal workers and Del Monte is working with local officials on the closure. (By: Eileen A. Mencias)



 

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