Pinnacle Foods Inc., Parsippany, N.J., entered into a definitive agreement to acquire Boulder Brands, Boulder, Colo., in an effort to expand Pinnacle's presence in the health and wellness categories. The transaction also expands Pinnacle's presence in the natural and organic retail channel and provides Pinnacle with a new growth platform in refrigerated foods.
The transaction is subject to customary closing conditions, and is expected to be completed in the first quarter of 2016.