US-based food and drinks group Del Monte Foods is seeking a buyer after entering Chapter 11 bankruptcy proceedings.

Irish investment company Kerga has acquired Münsterland J Lülf, a German RTD specialist, for an undisclosed sum.

Earlier this year, it emerged Pernod Ricard was weighing up the idea of selling the brand. The potential sale of Mumm Champagne has attracted a number of interested parties, Just Drinks understands.