Private label and branded foods giant Ralcorp Holdings, Inc., St. Louis, said its board of directors unanimously determined that ConAgra Foods' unsolicited non-binding proposal of $4.9 billion "is not in the best interests of shareholders."
After it was rebuffed in private discussions, ConAgra went public to say it would like to buy Ralcorp for $86 per share in cash, or approximately $4.9 billion, plus the assumption of $2.5 billion in debt.
Supermarket retailing giant The Kroger Co., Cincinnati, said it recognized several key supplier partners for "exceptional contributions" to Kroger's private label business.
Back when V8 engines ruled the road, movie theaters had ashtrays, and terms like "Google" and "Twitter" meant nothing, there was one Asian cuisine that found a place on the plates of American consumers – Chinese food.
The Dallas Morning News reported that Dallas-based Dean Foods Co. expects by next spring to renovate and expand a vacant, 190,000-square-foot building in Dallas to produce WhiteWave products.
Cargill Pork, Wichita, Kan., said it paid approximately $33 million to buy a 21,500-acre hog production site near Dalhart, Texas, from Premium Standard Farms LLC, a subsidiary of Smithfield Foods.
Refrigerated and frozen foods earned several honors in the National Restaurant Association's (NRA) first annual "Food & Beverage Product Innovations Awards" contest.
Potato products supplier Nonpareil Corp., Blackfoot, Idaho, said it expanded its co-packing partnership with General Mills to include packaging and distribution of frozen potatoes under the Betty Crocker brand.