News Release
Conagra Brands Completes Sale Of Its Gelit Business
CHICAGO, May 28, 2019 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that it has completed the divestiture of Gelit, an Italian-based frozen pasta business headquartered in Doganella di Ninfa, Italy. The original transaction agreement was announced on May 6, 2019.
The business has been divested to an Italian investment company owned by Consilum SGR S.p.A., Progressio SGR S.p.A., and MMM S.r.l. whose reference shareholder is Massimo Menna.
Terms of the transaction were not disclosed.
BNP Paribas acted as the sole financial advisor to Conagra Brands, and Jones Day acted as its legal advisor.
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®, Reddi-wip®, 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.
For more information, please contact:
MEDIA:
Dan Hare
312-549-5355
Daniel.hare@conagra.com
INVESTORS:
Brian Kearney
312-549-5002
ir@conagra.com
SOURCE Conagra Brands, Inc.
Udi's and Glutino Share Tips for Hosting a Stress-Free Gluten-Free Thanksgiving
For those following a gluten-free lifestyle, Thanksgiving can require ...
Birds Eye Helps Americans Bring Thanksgiving to the Table as Holiday Meals Continue to Evolve
As Americans prepare for Thanksgiving, many hosts are balancing a desire ...
Conagra Brands Announces 2027 Investor Day
Conagra Brands, Inc. (NYSE: CAG) announced today that it will host an investor ...