Del Monte Foods Co. Jul 08
Standard & Poors, July 2008
Abstract
Solid brands, with leading market shares in several categories; Product diversification across processed produce and pet food; and The ability to implement price increases to partially offset higher fuel and commodity costs, although subject to a time lag. Exposure to volatile commodity costs; Competes in an industry requiring high levels of brand building expenditures; and Moderately high debt levels and servicing requirements. The ratings on San Francisco, Calif.-based Del Monte Food Co. reflect moderate debt levels and exposure to rising commodity costs. The company's diverse product portfolio with leading market shares and high brand recognition in the stable, domestic, shelf-stable fruit and vegetable processing industry and pet food sector offset some of the risk factors. The company holds leading market...
Companies mentioned in this report are: Del Monte Corp.,Del Monte Corp. (Old)
Action: Review
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Research Type: Full Analysis
Del Monte Corp.,Del Monte Corp. (Old)
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