Fresh Del Monte Produce Inc was incorporated under the laws of the Cayman Islands on August 29, 1996. The Company is a vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a producer and distributor of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. It also sources its prepared food products from Africa, Europe and the Middle East. The products are sourced from company-owned operations, through joint venture arrangements and through supply contracts with independent producers. The Company distributes its products in North America, Europe, Asia, the Middle East, Africa and South America. It produces, sources, distributes and markets a fresh produce under the DEL MONTE brand, as well as under other proprietary brands, such as UTC and Rosy. Raw materials and packaging supplies inventory consists of agricultural supplies, containerboard, packaging materials and spare parts. It competes on a variety of factors, including the appearance, taste, size, shelf life and overall quality of its fresh produce, price and distribution terms, the timeliness of tis deliveries to customers and the availability of its produce items. The licenses allow the Company to use certain patents and trade secrets in connection with the production, manufacture, sale and distribution of its fresh fruit, fresh vegetables, other fresh produce and certain other specified products. The Company is subject to a variety of government regulations in countries where it market its products, including the United States, the EU, Asia, countries of the Middle East and Africa.