Del Monte Foods, Inc., announced that it completed the acquisition of Kitchen Basics®, a line of ready-to-use stocks and broths from McCormick & Company. Kitchen Basics® will join Del Monte's brand portfolio as the company expands its national retail presence in the category.
Kitchen Basics® has a portfolio of conventional and organic stocks and broths, including Chicken, Unsalted Chicken, Beef, Unsalted Beef, Vegetable, Unsalted Vegetable, Turkey, Seafood, and Creamy Bean & Vegetable.
The Kitchen Basics® brand was founded in 1996 as the pioneer in liquid stock and remains an industry leader in the US today. The purchase of the brand supports the company's overall growth strategy, as Del Monte Foods focuses on innovation, renovation and customization of its iconic brand portfolio, and expands the geographic reach of its stocks and broths business. No employees were involved in this transaction, and specific terms were not disclosed.
Del Monte Foods, Inc. is one of the country's largest producers, distributors and marketers of premium quality, branded food products for the U.S. retail market. With the addition of Kitchen Basics® stock and broth items, Del Monte Foods will continue in its goal of nourishing families by building brands with quality products that are perfectly wholesome and thoughtfully prepared.