8 Oct 2008

Sale of American Samoa cannery completed

11:00 am on 8 October 2008

The sale of Star Kist Samoa to Dongwon Industries Co., Ltd has now been completed.

The sale price,...about 359 million US dollars

The divestiture, includes the sale of the Star Kist plants in American Samoa and Ecuador; and certain manufacturing assets associated with Star Kist seafood located in California and Ecuador.

All of Del Monte's direct plant personnel related to the seafood business joined Dongwon as a result of the divestiture.

The transaction also resulted in Del Monte transferring to Dongwon 33 salaried positions.