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. …