PARSIPPANY โ Conagra Brands, Inc. announced the successful completion of its acquisition of Pinnacle Foods. The closing of the transaction follows the approval of Pinnacle Foods’ shareholders and satisfaction of all terms and conditions.ย Pinnacle Foods is located at 339 Jefferson Road.
Through the acquisition, Conagra Brands adds iconic brands to its portfolio, includingย Birds Eye,ย Duncan Hines,ย Earth Balanceย andย Vlasic, as well as emerging brands, such asย Gardein,ย Glutino,ย Udi’s,ย Wish-Boneย andย EVOL, among others.
“Expanding Conagra Brands’ portfolio through the acquisition of Pinnacle Foods creates a tremendous opportunity to drive profitable growth and shareholder value by further leveraging our proven approach to innovation, brand-building, operational excellence and deep customer relationships,” saidย Sean Connolly, president and chief executive officer of Conagra Brands. “We are excited to combine the Pinnacle and Conagra Brands portfolios in the attractive frozen meals and snacks and sweet treats categories. The complementary brands, operations and results-oriented cultures will help facilitate an effective integration and the continued transformation of Conagra Brands.”Conagra Brands, Inc. headquartered inย Chicago, is one ofย North America’sย leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company’s portfolio is evolving to satisfy people’s changing food preferences. Conagra’s iconic brands, such as Birds Eyeยฎ, Duncan Hinesยฎ, Healthy Choiceยฎ,ย Marie Callender’sยฎ, Reddi-wipยฎ, and Slim Jimยฎ, as well as emerging brands, including Angie’sยฎ BOOMCHICKAPOPยฎ, Duke’sยฎ, Earth Balanceยฎ, Gardeinยฎ, and Fronteraยฎ, offer choices for every occasion.