Conagra Brands

Conagra Brands, a leading US food manufacturer, has announced that it has entered into a definitive agreement with High Liner Foods, a Canadian processor and marketer of frozen seafood, to sell its Van de Kamp’s and Mrs. Paul’s frozen seafood brands for $55 million in cash. Mrs Paul’s and Van de Kamp’s dominate the US market for frozen breaded and battered seafood, with offerings such as fish for tacos, sandwiches, …

Leading US food manufacturer Conagra Brands has announced it has entered into an agreement to sell Chef Boyardee, an ambient ready meals brand, to Hometown Food Company, a portfolio company of private equity Brynwood Partners, for $450 million. This transaction includes a manufacturing facility in Milton (PA) and a full range of  shelf-stable operations and assets, excluding frozen frying pan meals that will be licensed to Conagra by Hometown Food Company. …

Bimbo, the Mexican bakery giant, has acquired the Lender’s Bagels business from US food firm Conagra Brands via its subsidiary Bimbo Bakeries USA. Announcing the divestment in a press release, Conagra Brands said the transaction included the Lender’s brand and related intellectual property, as well as a production facility in Mattoon, IL, and inventory. Founded in 1927, Lender’s Bagels offers refrigerated bagels in Blueberry, Cinnamon Raisin Swirl, Egg, French Toast, Onion, …

Leading US food manufacturer Conagra Brands has announced it has reached an agreement to sell its direct store delivery snacks business to Utz Quality Foods, described as the largest privately held savoury snack firm in the USA, for an undisclosed sum. Crisp, popcorn, pretzel and savoury snack brands such as Tim’s Cascade Snacks, Hawaiian Snacks, Erin’s, Snyder of Berlin and Husman’s will now transfer to Utz Quality Foods. “We continue …

Conagra Brands has announced it has found a new buyer for its Wesson oil business, after a previous deal to sell the brand to JM Smucker fell through over anti-trust concerns. The US food manufacturer and owner of brands such as Gardein, Reddi Whip and Marie Callender’s, said it had reached a definitive agreement to sell the Wesson division to Richardson International, Canada’s largest agribusiness firm. Wesson is an edible …

Conagra Brands, the leading US food manufacturer, is to acquire Birds Eye owner Pinnacle Foods in a cash and stock deal worth $10.9 billion, the two firms have announced in a statement. The deal will reportedly make the combined company the second leading player in US frozen food behind Nestle. In addition to Birds Eye, Pinnacle Foods markets brands such as Duncan Hines, Earth Balance, EVOL, Erin’s, Gardein, Glutino, Hawaiian Kettle …

US food manufacturers Conagra Brands and JM Smucker have annnounced that they are to call off the the latter’s acquisition of the Wesson cooking oil brand, following objections raised by the Federal Trade Commission. In a statement, Conagra Brands said: “While we are disappointed by and disagree with the Commission’s decision, we have determined that it is in the best interest of our shareholders, customers and employees to terminate the …

Bonduelle, the leading global vegetable firm, has announced an agreement to acquire the Del Monte processed fruit and vegetable business in Canada for a total value of C$43 million ($34 million). The deal with Conagra includes the right to use the Del Monte brand in different segments of processed fruits and vegetables but excludes all industrial and personnel assets. In a statement, Bonduelle said the acquisition “will complement Bonduelle Americas …