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Conagra Brands Buys Pinnacle Foods

Conagra Buys Pinnacle Foods

Logo Courtesy of Conagra Brands

On the Investor information of Pinnacle Foods website, it was announced that on October 26, 2018, Pinnacle Foods was acquired by Conagra Brands (CGA). Pinnacle Foods’ (PF), stock ceased trading on the New York Stock Exchange before the market opened on that date. Pinnacle Foods offered many well-known brands such as Duncan Hines, Bird’s Eye, Log Cabin, Mrs. Butterworth’s and Vlasic Pickles. 


Creates Second Largest Frozen Food Company

The cash-and-stock deal valued at about $10.9 billion. Analysts say that this deal creates the second-largest U.S. frozen food company behind Nestle and strengthens Conagra’s snack food. 


Deal Includes Vlasic Pickles and Wise Cracking Stork

Conagra Buys Pinnacle Foods

Logo Courtesy of Conagra Brands

Vlasic Pickle conducts operations in Imlay City and purchases cucumbers and peppers from area farmers in Michigan’s Thumb region. In 2013, Pinnacle made a $14 million facility expansion which resulted in the creation of 29 full-time and 500 seasonal jobs. The Imlay City plant produces more than 150 million jars of pickle products annually. Vlasic is one of Lapeer County’s largest employers.

Sources: Pinnacle Foods, Conagra Brands and Tri-City Times.


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Mike Hardy

Author of a fun loving and event blog covering topics of the Upper Thumb of Michigan , the wind energy capital of the Great Lakes. Offering great trove of information on Wind Energy, Cheeseburger in Caseville, Saginaw Bay, Sailing.

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