Del Monte Pacific Ltd., the Philippines-based pineapple, tomato and fruit juices company, agreed to buy the consumer food business of closely held U.S. foodmaker Del Monte Foods Co. for $1.68 billion to expand in the world’s biggest economy.

The deal between the two unaffiliated companies gives the Asian firm rights to the Del Monte, Contadina, S&W and College Inn food brands in the U.S., the San Francisco-based company said in a statement today. The Philippine company already has licenses for some of the brands in parts of Asia.

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