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FDP - Fresh Del Monte Produce: A Quality Business With Over 48% Upside Potential To Fair Value
Fresh Del Monte Produce Inc.
Overview
Fresh Del Monte Produce (FDP) is the type of company anyone can understand. Founded in 1886, the company originally produced a premium blend of coffee for the Hotel Del Monte in California, transitioning into both canned foods and selling other types of fresh produce throughout the 20th century. After merging with R.J. Reynolds industries in 1979, the company was split into two entities and in 1989, Del Monte Tropical Fruit and Del Monte Foods, with the former turning into the company we know today as Fresh Del Monte Produce. As part of