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 announced July 1 it started Chapter 11 bankruptcy proceedings. The company said it plans to continue operations as usual during the bankruptcy process. Del Monte Foods announced July 1 it has started Chapter 11 bankruptcy proceedings.

Del Monte Foods has filed for Chapter 11 bankruptcy protection and announced it is pursuing a sale. Why it matters: The nearly 140-year-old company — known for staples like canned vegetables and fruit cups — has faced mounting pressures from changing consumer habits,