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.

Smart Balance, Inc., Paramus, N.J., announced plans to evolve its organizational structure to establish two business segments, move its corporate headquarters to Boulder, Colo., and change its name to Boulder Brands, Inc.