News Release
ConAgra Foods Agrees to Acquire Odom's Tennessee Pride to Expand Frozen Breakfast Portfolio
OMAHA, Neb.--(BUSINESS WIRE)--Apr. 17, 2012--
The agreement includes facilities in
Fitting with the company's strategy of expanding into high-growth adjacencies, the acquisition of Odom's Tennessee Pride would build ConAgra Foods' capabilities in frozen breakfasts, a key adjacency to its frozen meals business.
"The acquisition of Odom's Tennessee Pride will build on our strong position in frozen meals and allow us to leverage our existing innovation, marketing and distribution abilities," said
"We are proud of the business we've built over the past three generations," said
The proposed acquisition would be the third in the last year for
About
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- saving initiatives; the competitive environment and related market conditions; operating efficiencies; the ultimate impact of any product recalls; our success in efficiently and effectively integrating acquisitions; access to capital; the amount and timing of repurchases of our common stock, if any; actions of governments and regulatory factors affecting our businesses, including the Patient Protection and Affordable Care Act; and other risks described in our reports filed with the
Source:
ConAgra Foods
Media: Dan Hare
Director, Communication & External Relations
402-240-5274
Daniel.Hare@ConAgraFoods.com
or
Investors: Chris Klinefelter
Vice President, Investor Relations
402-240-4154
Chris.Klinefelter@ConAgraFoods.com
Conagra Brands Announces Quarterly Dividend Payment
Conagra Brands, Inc. (NYSE: CAG) today announced that its Board of Directors ...
Conagra Brands Reports Third Quarter Results
Today Conagra Brands, Inc. (NYSE: CAG) reported results for the third quarter ...
Conagra Brands Releases Fiscal Year 2023 Citizenship Report
Conagra Brands, Inc. (NYSE: CAG) today announced the publication of its ...