DUAL-LISTED fruit canner Del Monte Pacific Ltd. (DMPL) said on Wednesday it has signed a joint venture agreement with Fresh Del Monte Produce, Inc. (FDMPI) for the production of expanded refrigerated products and a new retail food and beverage concept.

DMPL told the Philippine Stock Exchange the joint venture will initially focus on the US market, with a potential expansion into other territories where the companies’ businesses complement each other.

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