Chicken processorFoster Farms , Livingston, Calif., said it agreed to buy theFernando'sandEl Extremofrozen Mexican foodservice business, brands and assets from ConAgra Foods Inc., Omaha, Neb. Terms of the deal -- scheduled for completion next week -- were not disclosed.
TheFernando'sline includes Mexican entrees and appetizers, such as burritos, taquitos, mini tacos and enchiladas.El Extremois similar business oriented to school foodservice operators.
"This acquisition is a strategic fit for Foster Farms," said President & CEO Ron Foster. "It will give us capabilities to expand our current business in the foodservice, retail and c-store channels."
Included in the sale is ConAgra's Compton, Calif., plant, which processes frozen handheld Mexican foods.
Foster Farms buys ConAgra frozen foodservice Mexican brands
June 9, 2009