ConAgra Foods Acquires Pita Chip Business from Kangaroo Brands
OMAHA, Neb.--(BUSINESS WIRE)--May. 22, 2012--
"Pita chips are a high-growth category and a natural fit with ConAgra Foods' private label snacks business," said
This is the fourth acquisition in the past fiscal year for
Financial terms of the transaction were not disclosed.
Note on Forward-looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current views and assumptions of future events and financial performance and are subject to uncertainty and changes in circumstances. We undertake no responsibility for updating these statements. Readers of this release should understand that these statements are not guarantees of performance or results. Many factors could affect our actual financial results and cause them to vary materially from the expectations contained in the forward-looking statements, including those set forth in this release. These factors include, among other things: availability and prices of raw materials, including any negative effects caused by inflation; the effectiveness of our product pricing, including any pricing actions and promotional changes; future economic circumstances; industry conditions; our ability to execute our operating and restructuring plans; the success of our innovation, marketing, and cost savings initiatives; the competitive environment and related market conditions; operating efficiencies; the ultimate impact of any product recalls; access to capital; actions of governments and regulatory factors affecting our businesses, including the Patient Protection and Affordable Care Act; the amount and timing of repurchases of our common stock, if any; and other risks described in our reports filed with the
ConAgra Foods, Inc.
Media: Dan Hare
Director, Communication & External Relations
Investors: Chris Klinefelter
Vice President, Investor Relations