Del Monte Pacific has announced a restructuring of its U.S. supply chain, including the closure of several facilities.

The Singapore Mainboard and Philippine Stock Exchange dual-listed company plans to move to an "asset-light strategy" and divest production facilities of U.S. subsidiary Del Monte Foods.

Facilities to be closed are located at Sleepy Eye, Minnesota and Mendota, Illinois. Production will cease at these facilities at the end of the current pack season, it says.

In addition, the company's Cambria, Wisconsin plant will be sold as an operating facility after completion of pack.

Del Monte Pacific will also be selling manufacturing assets at its Crystal City, Texas facility. It intends to transfer production at this site to outside locations later this year. Production at these locations will be then primarily transitioned to other production facilities in the U.S.

It says these closures will allow it to "fully utilize the capacity of its existing production facilities and increase its focus on branded growth and innovation".

"This decision has been difficult and has come after careful consideration," said Joselito D. Campos, Jr., managing director and CEO of Del Monte Pacific.

"This restructuring is a necessary step for us to remain competitive in a rapidly changing marketplace. Our asset-light strategy will lead to more efficient and lower-cost operations."