Del Monte Files Chapter 11 With $912.5M DIP as Cans Lose Aisle Share
The 139-year-old Del Monte Foods filed Chapter 11 in July 2025, securing $912.5M in DIP financing against $1.3B in debt. Demand for canned goods softened as shoppers pivoted to fresh and private-label, while 50% steel and aluminum tariffs piled over $100M onto packaging costs.
Del Monte Foods filed Chapter 11 in July 2025, securing $912.5M DIP financing amid $1.3B debt. Canned-food demand fell as shoppers shifted to fresh and private-label; 50% steel/aluminum tariffs added over $100M in packaging costs.
Why this matters
Del Monte's filing marks one of the largest packaged food bankruptcies of 2025, signaling structural decline in canned categories as private label and fresh formats capture center-store share.
Retail-company signals steady at 229 in the last 90 days, with bankruptcy filings concentrated in legacy CPG.