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Diving Briefs:
- The Conagra brand has reached a transaction Sell the brands of Ban de Camp and Mrs. Paul Liner food for $ 55 million for seafood producers.
- Sean Connolly, president and CEO of CONAGRA, said in a statement that Conagra said, “We can focus more on our efforts to strengthen the core frozen products.” The two frozen seafood brands donated about $ 75 million in Conagra’s 2024 fiscal year.
- This sale represents the latest sale of Chicago -based food manufacturers. The goal is to simplify the portfolio and lower the debt. Earlier this week, Kona Gra Chef Boyardee’s Hometown Food Sales For $ 600 million.
Dive Insights:
Conagra’s portfolio is designed around snacks and frozen foods, including healthy choices, Birds Eye and Marie Callender ‘S. Van de kamp ‘s and MRS. Paul’s sales are aimed at being far from the remaining frozen products.
Van de kamp ‘s and MRS. Paul’s is a little contributor to Conagra’s business and published. $ 12.1 billion in net sales 2024 in fiscal year.
Connolly said in a statement that “this sale reflects our continuous promise to reconstruct our portfolio and invest in places where we see the best opportunities for growth and innovation.”
Conagra van de kamp ‘s and MRS. Paul’s said it is a major brand in the US frozen bread and assaulted seafood category. Transactions that do not include employees or manufacturing facilities are expected to end by the end of July. Proceeds are used to reduce debt.
HIGH LINER is already familiar with fish brands to be added to the portfolio. today Gynecologist and Van de Kamp’s products co -organize Brand of US manufacturing facilities. Canadian companies are the best North American processors and marketing managers of frozen seafood under brands such as highliner, fisherman, mirabell, sea dishes and catch of day labels.
