Published reports say that that Del Monte has come to an agreement with Dongwon Group, a South Korean company, to sell its StarKist seafood division for about $300 million. Del Monte acquired StarKist from HJ Heinz in 2002.
- KC's View:
- Not sure that selling a seafood division to an Asian company is going to do a lot for the brand in the long term. Suspicions have been raised among American consumers, especially because of all the issues raised with Chinese exports, and I think this is going to get worse before it gets better.