Hungry for debt relief Walnut Creek-based Del Monte Foods files Chapter 11 bankruptcy

Del Monte Foods filed for Chapter 11 bankruptcy protection on July 3, 2025, in the U. S. Bankruptcy Court for the District of New Jersey. The Walnut Creek company is seeking a buyer to help facilitate a turnaround through a court-supervised sale process. CEO Greg Longstreet emphasized that this strategic move aims to improve the company's capital structure and financial position.

Despite facing challenges from a dynamic macroeconomic environment, Del Monte has remained committed to its mission of providing nutritious food for nearly 140 years. The company filed customary first-day motions to enable continued business operations during the bankruptcy proceedings. Notably, Del Monte's non-U. S. subsidiaries are not included in the Chapter 11 filing and will continue to operate normally.

The restructuring support agreement with lenders holding term loan indebtedness is expected to aid the company's recovery. This development highlights the ongoing challenges faced by food companies in a shifting economic landscape.