Pinnacle Foods announces new segment reporting structure
The new segments consist of frozen, grocery, Boulder and specialty.
Pinnacle Foods Inc., Parsippany, N.J., reorganized its reporting structure and its reportable segments, as a result of the integration of the Boulder Brands acquisition. The new segments, which mirror the manner in which the businesses will be managed, are frozen, grocery, Boulder and specialty.
The Boulder Brands acquisition added the Udi's, Glutino, Smart Balance, Earth Balance and EVOL brands to the company's portfolio, as well as complementary foodservice, private label and Canadian businesses. The new segment structure aligns each of these businesses with related Pinnacle businesses into four new reportable segments.
The frozen segment is comprised of the retail businesses of the company’s legacy frozen brands, including vegetables (Birds Eye), complete bagged meals (Birds Eye Voila! and Birds Eye Signature Skillets), full-calorie single-serve frozen dinners and entrées (Hungry-Man), prepared seafood (Van de Kamp's and Mrs. Paul's), pancakes/waffles/French toast (Aunt Jemima), refrigerated and frozen bagels (Lender's) and pizza for one (Celeste). The frozen segment also includes all of the company’s business in Canada, including those of the Boulder Brands and Garden Protein International acquisitions.
The grocery segment is comprised of the retail businesses of the company’s grocery brands, including cake/brownie mixes and frostings (Duncan Hines), shelf-stable pickles (Vlasic), salad dressings (Wish-Bone, Western and Bernstein’s), table syrups (Log Cabin and Mrs. Butterworth's), refrigerated and shelf-stable spreads (Smart Balance), canned meat (Armour, Nalley and Brooks), pie and pastry fillings (Duncan Hines Comstock and Wilderness) and barbecue sauces (Open Pit).
The Boulder segment is comprised of the retail businesses of the company’s health-and-wellness lifestyle brands, including gluten-free products (Udi's and Glutino), natural frozen meal offerings (EVOL), plant-based refrigerated and shelf-stable spreads (Earth Balance) and plant-based protein frozen products (gardein).
The specialty segment includes the company’s snack products (Tim's Cascade and Snyder of Berlin) and all of its U.S. foodservice and private label businesses, including those of the Garden Protein International and Boulder Brands acquisitions.