Current Stock Price: $16.37 as of April 7, 2009
2278 shares purchased
Location: 1 Market @ The Landmark, San Francisco California, 94105
Fresh Del Monte Produce is one of the leading fresh and freshly cut fruit and vegetable producers and distributors in the world. They also produce all kinds of beverages, snacks, desserts, and juices. They have especially high distribution rates in Europe, Africa, and the Middle East as well as the United States. The Del Monte brand has been a symbol of qualit and freshness since 1892.
Officers and executives:
Mohammad Abu-Ghazaleh- Chairman and C.E.O.: Mohammad Abu-Ghazaleh has been C.E.O. and chairman of the board since 1996. He is also C.E.O. at AIT group Inc. He Was C.E.O. at United Trading Company from 1986 to 1996. Before that, he was the managing director at Metico for 10 years.
Hani El-Naffy- President and Chief Operating Officer
Richard Contreras- Senior Vice President and Chief Financial Officer
Bruce Jordan- Senior Vice President, General Counsel and Secretary
-The company began in 1886.
-Label (logo) first used in 1909.
-In 1955, the company introduced stewed tomatoes and Pineapple Grapefruit drink.
-In 1967, California Packaging Co. Changes it's name to Del Monte and merges with the produce company.
-1973- Del Monte Corporation becomes first major food processor in the United States to include nutrition labels on its products.
-1979 – Del Monte Corporation shareholders agree to a merger with R. J. Reynolds Industries.
-1997 – Fresh Del Monte Produce Inc. goes public on the NYSE trading as (FDP).
-Fresh Del Monte Produce has acquired 8 produce companies worldwide.
