CHICAGO, Oct. 21, 2019 /PRNewswire/ -- Today Conagra
Brands, Inc. (CAG) announced that it has completed the divestiture
of the portion of its snacks business that operates under a
Direct-Store-Delivery (DSD) model to Utz Quality Foods, LLC. The
brands included in the sale are Tim's® Cascade Snacks, Hawaiian®
Snacks, Erin's®, El Restaurante®, Snyder® of Berlin, Pop-N-Thin® and Husman's®. Financial
terms were not disclosed.
Snacking will continue to be a critical part of Conagra's
overall growth strategy. Following the transaction,
Conagra Brands has a $2
billion snacking portfolio1, with both large,
iconic brands and fast-growing, emerging brands across meat snacks,
seeds, popcorn, sweet treat and specialty categories.
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's 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 Eye®, Marie Callender's®,
Banquet®, Healthy Choice®, Slim Jim®, Orville Redenbacher's®, Reddi-wip®, DAVID®,
Snack Pack®, and Vlasic®, as well as emerging brands, including
Angie's® BOOMCHICKAPOP®, Duke's®, Earth Balance®, Gardein®, and
Frontera®, offer choices for every occasion. For more information,
visit www.conagrabrands.com.
1 IRI POS, MULO+C, L52 week ending September 22, 2019
For more information, please
contact:
MEDIA:
Mike
Cummins
312-549-5257
michael.cummins@conagra.com
INVESTORS:
Brian
Kearney
312-549-5002
ir@conagra.com
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SOURCE Conagra Brands, Inc.