Del Monte Corp. Oct 11
Standard & Poors, October 2011
Abstract
Recognized brands with solid market share in several categories; Product diversification across processed produce and pet food; and Historically able to implement price increases to partially offset rising costs, but subject to a time lag. Highly leveraged, following LBO; Exposure to fluctuating commodity costs; Customer and geographic concentration; and Competes within industries requiring high levels of brand building expenditures. Standard & Poor's Ratings Services' ratings on San Francisco-based Del Monte Corp. reflect its high debt levels, participation in the highly competitive packaged produce and pet food market segments, exposure to volatile commodity costs, and limited customer and geographic diversification. We view the company's financial profile as highly leveraged based on its significant debt burden and very aggressive financial policy. On...
Companies mentioned in this report are: Del Monte Corp.
Action: Review
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Research Type: Full Analysis
Del Monte Corp.
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