Del Monte Foods Acquires Kitchen Basics

Del Monte Foods Inc. has completed the acquisition of Kitchen Basics, a line of ready-to-use stocks and broths from McCormick & Co. 

Kitchen Basics has an extensive portfolio of conventional and organic stocks and broths. The Kitchen Basics brand was founded in 1996 as a pioneer in liquid stock and remains an industry leader in the US. The purchase of the brand supports the company's overall growth strategy, as Del Monte Foods focuses on innovation, renovation, and customization of its brand portfolio, and expands the geographic reach of its stocks and broths business. 

"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."