News Release

Conagra Brands Completes Divestiture of Chef Boyardee® Brand to Hometown Food Company, a Brynwood Partners Portfolio Company

Jun 3, 2025, 8:45 AM EDT

CHICAGO, June 3, 2025 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that it has completed the divestiture of the Chef Boyardee^® brand to Hometown Food Company, a Brynwood Partners portfolio company. The transaction includes the manufacturing facility in Milton, Pa., as well as all assets and operations dedicated to the Chef Boyardee shelf-stable products business with the exception of frozen skillet meals, which will be licensed by Hometown Food Company to Conagra.

About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on collaboration and innovation. The company's portfolio is continuously evolving to satisfy consumers' ever-changing food preferences. Conagra's brands include Birds Eye^®, Duncan Hines^®, Healthy Choice^®, Marie Callender's^®, Reddi-wip^®, Slim Jim^®, Angie's^® BOOMCHICKAPOP^®, and many more. As a corporate citizen, we aim to do what's right for our business, our employees, our communities and the world. Headquartered in Chicago, Conagra Brands generated fiscal 2024 net sales of more than $12 billion. For more information, visit www.conagrabrands.com.

For more information, please contact:
MEDIA:
Media@conagra.com
INVESTORS:
Matthew Neisius
IR@conagra.com

SOURCE Conagra Brands, Inc.