The debtor and 17 affiliates, which include S&W Fine Foods Inc. and Contadina Foods Inc., filed its petition in the U.S. Bankruptcy Court for the District of New Jersey on July 1, listing $1 billion to $10 billion in assets and liabilities.

Del Monte Foods secured $912.5 million in financing, enabling it to continue its operations during this process.

Portland, Maine, U.S.A.-based lobster processing company Cozy Harbor Seafood has filed for Chapter 11 bankruptcy, citing post-Covid price instability and uncertain tariff threats as obstacles to operating within workable margins.