date:Jan 15, 2013
und $18bn and a combined workforce of more than 36,000.
The deal is in line with ConAgra Foods' Recipe for Growth strategy, which is aimed at expanding the private label segment, strengthening the core business and adjacencies, and international expansion. It will position ConAgra Foods as a leading private label packaged food business in North America, with sales of about $4.5bn.
ConAgra expects the deal to modestly benefit its fiscal 2013 financial results. The transaction is expected to be