| Business Summary | | Fresh
Del
Monte
Produce
Inc.
(Del
Monte),
a
holding
company,
produces,
transports
and
markets
fresh
produce
worldwide,
through
subsidiaries.
Incorporated
on
August
29,
1996,
Del
Monte
is
57.6%-owned
by
IAT
Group
Inc.,
which
is
100%
beneficially
owned
by
members
of
the
Abu-Ghazaleh
family.
The
Company's
products
are
sourced
from
Company-owned
farms,
through
joint
venture
arrangements
and
through
supply
contracts
with
independent
growers
in
15
locations
in
North,
Central
and
South
America,
the
Asia-Pacific
region
and
Africa.
The
Company's
produce
is
distributed
in
North
America,
Europe,
the
Asia-Pacific
region
and
South
America.
Del
Monte's
products,
marketed
throughout
the
world
under
the
Del
Monte
brand
name,
which
has
been
in
existence
since
1892,
include
bananas,
pineapples,
deciduous
fruit
and
melons.
The
deciduous
fruit
that
the
Company
sells
includes
primarily
grapes,
plums,
nectarines,
peaches,
apricots,
cherries,
apples,
pears
and
citrus. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Fresh
Del
Monte
produces,
distributes
and
markets
fresh
produce.
The
Co.'s
products
are
marketed
throughout
the
world
in
over
50
countries
under
the
DEL
MONTE
brand
name.
For
the
six
months
ended
6/29/01,
revenues
rose
2%
to
$1.08
billion.
Net
income
rose
48%
to
$82.6
million.
Revenues
reflect
an
increase
in
other
fresh
produce
sales
due
to
higher
per
unit
sales
prices
of
pineapples,
melons,
deciduous
fruit
and
fresh
cut
products.
Earnings
also
reflect
higher
gross
margins. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Mohammad Abu-Ghazaleh | Chairman
and CEO | Hani El-Naffy | Pres,
COO | John Inserra | CFO,
Exec. VP | Jean-Pierre Bartoli | Sr.
VP- Europe and Africa | M. Bryce Edmonson | Sr.
VP- North America |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|