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, best known for its canned vegetables and fruits, filed for bankruptcy earlier this week and is looking for a buyer. The nearly 140-year-old brand announced on Tuesday that it is voluntarily entering Chapter 11 as “part of an overall strategic balance-sheet restructuring.

Del Monte Foods, producer of canned fruits and vegetables, initiatied Chapter 11 proceedings on Monday and is seeking a buyer.