Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as consumers increasingly bypass its products for healthier or cheaper options.

Founded in 1886 in California, Del Monte is one of the nation's leading packaged fruit sellers. The company's brands include its canned produce as well as Contadina, Joyba and College Inn. Del Monte employs nearly 3,000 employees across its four North American factories, according to Axios .

Del Monte, known for its canned fruits and vegetables, has filed for bankruptcy protection as consumers turn to healthier, cheaper options.