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.