USA: Frontera, Red Fork and Salpica brands acquired by ConAgra Foods
US food manufacturer ConAgra Foods has announced the acquisition of the packaged Mexican food business from Frontera Foods and Red Fork that includes the Frontera, Red Fork and Salpica brands. Frontera is known as a Chicago-based company that produces “premium” Mexican food such as a tex-mex salsa line, sauces, snacks and meals under the Frontera […]
USA: ConAgra Foods sells JM Swank
ConAgra Foods, the US food manufacturer, has announced the disposal of JM Swank, a national food ingredient sourcing and distribution company, after an agreement was reached with California-based private equity firm Platinum Equity to acquire the business. JM Swank is the latest divestment by ConAgra Foods as it seeks to focus on core brands. Late […]
USA: ConAgra Foods announces plans to split
US food manufacturer ConAgra Foods has announced plans to split its business into two independent public companies. According to the firm, the spin-off company Lamb Weston will contain the foodservice portfolio of frozen potato, appetizer and other vegetable products, whilst Conagra Brands, Inc. (Conagra Brands) will comprise the diverse consumer brands portfolio. Sean Connolly, president […]
USA: ConAgra Foods divests private label operations
North American packaged food firm ConAgra Foods has confirmed that it is to dispose of its Ralcorp private label operations, having entered into a definitive agreement to sell the unit to TreeHouse Foods. The deal is worth approximately $2.7 billion in cash, excluding transaction-related expenses. Under the terms of the agreement, ConAgra Foods said it would divest the vast majority […]
USA: ConAgra buys Chinese Tai Mei Potato Industry
ConAgra Foods, the American consumer goods company, has agreed to acquire the Chinese potato processor Tai Mei Potato for $93 million, Food Business News reports. The acquisition will expand ConAgra’s Lamb Weston operations, enabling it tap into the growing Chinese market for frozen potato products, the company said. Lamb Weston president Greg Schlafer commented: “We’ve […]