ConAgra Foods Completes Acquisition of Bertolli, P.F. Chang’s Brands
ConAgra Foods, Inc., Omaha, Neb., completed its acquisition of the Bertolli and P.F. Chang’s Home Menu frozen meals businesses from Unilever PLC, for total cash consideration of $267 million, subject to adjustment. The company announced the acquisition agreement on July 30.
The acquisition includes the frozen meals businesses, a license for use of the Bertolli brand name and the transfer of Unilever’s existing license with P.F. Chang’s for use of the P.F. Chang’s Home Menu brand name.