Del Monte Foods, one of the oldest food companies in the U.S. remains under Chapter 11 bankruptcy protection as it continues to seek a buyer. The company, known for selling canned fruits and vegetables, has been in business for 139 years but says financial liabilities have put a strain on its financials.

Along with the Del Monte brand, the company also owns several other food brands, such as Contadina, Joyba and College Inn.

“After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods,” said President and CEO Greg Longstreet in a statement issued in July.

“With an improved capital structure, enhanced financial position and new ownership, we wi

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