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Conagra Brands Completes Divestiture Of Direct-Store-Delivery Model Snacks Business To Utz Quality Foods, LLC




CHICAGO, Oct. 21, 2019 /PRNewswire/ -- Today Conagra Brands, Inc. (CAG) announced that it has completed the divestiture of the portion of its snacks business that operates under a Direct-Store-Delivery (DSD) model to Utz Quality Foods, LLC. The brands included in the sale are Tim's® Cascade Snacks, Hawaiian® Snacks, Erin's®, El Restaurante®, Snyder® of Berlin, Pop-N-Thin® and Husman's®. Financial terms were not disclosed.

Conagra Brands, Inc., headquartered in Chicago, is one of North America's leading branded food companies. (PRNewsfoto/Conagra Brands)

Snacking will continue to be a critical part of Conagra's overall growth strategy. Following the transaction, Conagra Brands has a $2 billion snacking portfolio1, with both large, iconic brands and fast-growing, emerging brands across meat snacks, seeds, popcorn, sweet treat and specialty categories.

About Conagra Brands

Conagra Brands, Inc. (CAG), headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company's portfolio is evolving to satisfy people's changing food preferences. Conagra's iconic brands, such as Birds Eye®, Marie Callender's®, Banquet®, Healthy Choice®, Slim Jim®, Orville Redenbacher's®, Reddi-wip®, DAVID®, Snack Pack®, and Vlasic®, as well as emerging brands, including Angie's® BOOMCHICKAPOP®, Duke's®, Earth Balance®, Gardein®, and Frontera®, offer choices for every occasion. For more information, visit www.conagrabrands.com.

1 IRI POS, MULO+C, L52 week ending September 22, 2019


For more information, please contact:
MEDIA:
Mike Cummins
312-549-5257
michael.cummins@conagra.com

INVESTORS:
Brian Kearney
312-549-5002
ir@conagra.com

 


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