SAN FRANCISCO Del Monte Foods is selling its seafood business to a Korean holding company that specializes in canned tuna, Del Monte announced Sunday.
In a deal worth $363 million, Del Monte will sell its seafood division to Dongwon Enterprise, based in Seoul.
“The divestiture of our seafood business, including StarKist, is a significant step in the realignment of our portfolio toward higher margin, higher growth businesses,” said Rick Wolford, Del Monte’s chairman and chief executive officer.
The deal also includes Del Monte’s factories in American Samoa and Manta, Ecuador, as well as assets related to the StarKist brand in Guayaquil, Ecuador, and Terminal Island, Calif.
“We believe that the acquisition of StarKist seafood will help Dongwon establish a strong foothold and penetration in the U.S. market as we look to drive Dongwon’s initiatives for globalization,” said Park In-gu, Dongwon Enterprise’s vice chairman.
Tic Tac’s website asks visitors to vote for favorite ‘Tic Tac Moment’
NEW YORK Tic Tac’s latest contest, in which consumers were asked to submit a 30-second video to the Tic Tac Web site, has entered its second stage as the public can now vote on a favorite clip.
Visitors to www.Miterntainment.com can view more than 45 “Tic Tac Moment” entries—the company describes a “Tic Tac Moment” as a feeling of joy, exhilaration, refreshment or something similar produced as a result of consuming a Tic Tac mint—and vote before July 3 to pick 16 semifinalists.
A panel of judges will then choose the winners. The grand-prize winner will receive $10,000 and the first-prize winner will earn a $1,500 Best Buy gift card.
Tic Tac kicked off the promotion in April with in-store displays and free in-store “Mintertainment” guides, which featured manufacturer coupons and a T2 All Access card, which offered discounts on restaurants, movie rentals and snacks, according to reports.
Dibs releases single-serving bite-sized ice cream snacks in a bag
OAKLAND, Calif. For added portability and ease in snacking, Dibs has released its chocolate-shelled ice cream snacks in single-serving bags, the company said.
“Today’s snackers lead fast-paced lives,” Jennifer Eiseman, Dibs Brand Snacks brand manager said in a statement released to media. “In this new portable format, what’s not to love? Dibs Snack Bag is the perfect solution for that irresistible craving around the clock.”
Dibs Bite-Sized Ice Cream Snack Bags come in boxes of 10 and are available grocery and retail stores across the United States. They come in two flavors: Nestle Crunch and vanilla and boxes retail for $4.99 to $5.99.