The transaction will enhance Conagra Brands' multi-year transformation plan and expand its presence and capabilities in frozen foods and snacks.
Conagra Brands, Inc., Chicago, announced plans to acquire Pinnacle Foods Inc., Parsippany, N.J., for approximately $10.9 billion.
The transaction will enhance Conagra Brands' multi-year transformation plan and expand its presence and capabilities in frozen foods and snacks. Pinnacle Foods' portfolio of refrigerated, frozen and shelf-stable products includes brands such as Birds Eye, Duncan Hines, Earth Balance, EVOL, Erin's, Gardein, Glutino, Hawaiian Kettle Style Potato Chips, Hungry-Man, Log Cabin, Tim's Cascade Snacks, Udi's, Vlasic and Wish-Bone, among others.