Conagra Brands, the US food manufacturer plans to invest an incremental $125 million in fiscal 2027 to strengthen its supply chain and lower costs by moving more production in-house. According to President and ceo John Brase, the spending will contribute to goals of improving supply chain resiliency, maintaining high service levels, and reducing inventory and days of inventory. “I don’t believe we’re investing enough in our brands and our supply …
Conagra Brands
Conagra Brands, the US-headquartered food manufacturer, has announced an investment of M$550 million ($31.9 million) to expand and modernise its production facility in Irapuato, Guanajuato. The project is designed to strengthen the company’s operational capacity and long-term growth strategy within the country. The investment will focus on extending production lines and upgrading packaging technology to raise output and improve manufacturing efficiency. The Irapuato site is a strategic hub for the …
Conagra Brands, the US-based food giant, has announced plans to expand its manufacturing operations in Fayetteville (AR). The project involves a $150 million investment to increase the production capacity of its frozen meal brands, including Marie Callender’s and Healthy Choice. The expansion includes the addition of 100,000 sq m to the existing facility, which currently employs approximately 1,200 people. This development is expected to create 159 new jobs in the region …
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. …
Conagra Brands, a leading US food manufacturer, has announced that its subsidiary has entered into an agreement with funds advised by Convergent Finance and Samara Capital to divest its 51.8% ownership stake in Agro Tech Foods, a food company based in Mumbai, India. Agro Tech Foods is a manufacturer of ready-to-cook snacks, ready-to-eat snacks, spreads & dips, breakfast cereals and chocolate confectionery. Commenting on the move, Convergent Finance managing partner …
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, the leading US food manufacturer, has announced it is expanding its Reddi-Wip whipped topping brand into the coffee creamer category with the launch of its new Barista Series of cream-based products. The company said its new Nitro Creamer and Sweet Foam products were designed to give consumers a coffeehouse experiences any time of day, without the coffee shop lines or price. “Given the continued strength of coffee sales …
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 …
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