Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses.

Del Monte, the 139-year-old canned food brand behind your peaches, peas, and pineapple slices, just filed for bankruptcy. Here's what shoppers should know.

A grocery store staple has filed for bankruptcy. Del Monte Foods, known for its canned fruits and vegetables, filed for Chapter 11 bankruptcy protections Tuesday and is now seeking a buyer.