Del Monte Foods acquires Kitchen Basics

Del Monte Foods completes the acquisition of Kitchen Basics, a line of ready-to-use stocks and broths from McCormick & Company.

“Del Monte Foods has gone through a positive transformation over the past five years, and we have become a leading innovative CPG growth company,” said Greg Longstreet, president and CEO of Del Monte Foods. “As we plan for the next decade of growth, we’re committed to strengthening our branded product portfolio to meet consumers’ changing needs. Building on our regional College Inn brand, the acquisition of Kitchen Basics will provide synergies across our business to scale our broth and stock portfolio across North America.”

“We’ve seen heightened interest in broth and stocks over the last few years as consumers double down on home meal preparation, health and wellness,” said Bibie Wu, chief marketing officer of Del Monte Foods. “Kitchen Basics is well-known for its culinary quality. We’re excited to bring Kitchen Basics into the Del Monte family of brands to help people create healthful meals they love.”