Fresh Del Monte Produce Inc. (ticker: FDP, exchange: New York Stock Exchange (.N))
News Release -
Fresh Del Monte Produce Not Affiliated with Del Monte Foods Based in California
CORAL GABLES, Fla., Nov 29, 2010 (BUSINESS WIRE) -- Fresh Del Monte Produce Inc. (NYSE: FDP) today issued the following statement as a clarification in response to the recent public announcement and press coverage regarding the signing of a definitive agreement by an investor group to acquire Del Monte Foods, San Francisco, California.
"We would like to go on record by saying that Fresh Del Monte Produce Inc. is not affiliated with Del Monte Foods. Fresh Del Monte Produce Inc. has the exclusive rights to use the Del Monte(R) trademark worldwide for fresh produce without exception, in addition to all prepared food products in Europe, Africa, the Middle East and the countries formerly part of the Soviet Union. We would further add that the signed agreement by Del Monte Foods will have no impact whatsoever on Fresh Del Monte Produce as the two Companies are two totally separate Companies and are not associated in any way."
About Fresh Del Monte Produce Inc.
Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa, the Middle East and countries formerly part of the Soviet Union. Fresh Del Monte markets its products worldwide under the Del Monte(R) brand, a symbol of product innovation, quality, freshness and reliability for more than 100 years.
This press release contains certain forward-looking statements regarding the intent, beliefs or current expectations of the Company or its officers with respect to the Company's plans and future performance.These forward-looking statements are based on information currently available to the Company and the Company assumes no obligation to update these statements. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties. In this press release, these statements appear in a number of places and include statements regarding the intent, belief or current expectations of the Company or its officers (including statements preceded by, followed by or that include the words "believes," "expects," "anticipates" or similar expressions).The Company's plans and performance may differ materially from those in the forward-looking statements as a result of various factors, including this report, information included in future filings by us and information contained in written material, press releases and oral statements, issued by or on behalf of us contains, or may contain, statements that constitute forward-looking statements. In this report, these statements appear in a number of places and include statements regarding the intent, beliefs or current expectations of us or our officers (including statements preceded by, followed by or that include the words "believes", "expects", "anticipates" or similar expressions) with respect to various matters, including our plans and future performance.All forward-looking statements in this press release are based on information available to us on the date hereof, and the Company assumes no obligation to update any such forward-looking statements.The Company's plans and performance may also be affected by the factors described in Item 1A. - "Risk Factors" in Fresh Del Monte Produce Inc.'s Annual Report on Form 10-K for the year ended January 1, 2010 along with other reports that the Company has on file with the Securities and Exchange Commission.
Note to the Editor: This release and other press releases are available on the Company's web site, www.freshdelmonte.com.
SOURCE: Fresh Del Monte Produce Inc.
Fresh Del Monte Produce Inc.
Christine Cannella, Assistant Vice President, Investor Relations