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SAN FRANCISCO Del Monte Foods is selling its seafood business to a Korean holding company that specializes in canned tuna, Del Monte announced Sunday.

In a deal worth $363 million, Del Monte will sell its seafood division to Dongwon Enterprise, based in Seoul.

“The divestiture of our seafood business, including StarKist, is a significant step in the realignment of our portfolio toward higher margin, higher growth businesses,” said Rick Wolford, Del Monte’s chairman and chief executive officer.

The deal also includes Del Monte’s factories in American Samoa and Manta, Ecuador, as well as assets related to the StarKist brand in Guayaquil, Ecuador, and Terminal Island, Calif.

“We believe that the acquisition of StarKist seafood will help Dongwon establish a strong foothold and penetration in the U.S. market as we look to drive Dongwon’s initiatives for globalization,” said Park In-gu, Dongwon Enterprise’s vice chairman.

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