Conagra Brands to acquire Pinnacle Foods in $10.9 billion cash and stock deal

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Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery & Snacks, Refrigerated & Frozen, International, Foodservice, and Commercial Foods. The Grocery & Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States. The Refrigerated & Frozen segment includes branded, temperature controlled food products sold in various retail channels in the United States. The International segment includes branded food products, in various temperature states, sold in various retail and foodservice channels outside of the United States. The Foodservice segment includes branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The Commercial Foods segment includes commercially branded and private label food and ingredients, which are sold to commercial, restaurant, foodservice, food manufacturing, and industrial customers. The segment’s food items includes a variety of vegetable, spice, and frozen bakery goods, which are sold under brands, such as Spicetec Flavors & Seasonings. The company was founded by Alva Kinney and Frank Little in 1919 and is headquartered in Omaha, NE. (See Full Profile)

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