ConAgra Foods (CAG) is open to making small acquisitions that fit in with its business, but the company isn't looking for major transactions, Chief Executive Gary Rodkin said Tuesday on an earnings conference.

Several consumer and food companies have begun to use their cash flows to make acquisitions, with Kraft Foods Inc.'s (KFT) bid for Cadbury PLC (CBY) the most recent example.

-Anjali Cordeiro; Dow Jones Newswires; 212-416-2200; anjali.cordeiro@dowjones.com