Conagra Brands Inc. has announced that it will be buying Pinnacle Foods Inc. for about $8.1 billion, making Conagra the No. 2 U.S. frozen food maker by sales, after Nestle.
Conagra Brands, Inc. has announced that it has entered into a definitive agreement to acquire the Sandwich Bros. of Wisconsin business, which produces frozen breakfast and entrée flatbread sandwiches.
Expected to be completed by March 31, ConAgra Foods’ acquisition of Ralcorp Holdings will create one of the largest packaged food companies in North America, with annual sales of approximately $18 billion.