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ConAgra gets thumbs up for Ralcorp deal from Canadian Competition Bureau

By Elaine WATSON , 14-Jan-2013
Last updated on 14-Jan-2013 at 14:53 GMT2013-01-14T14:53:38Z

ConAgra gets thumbs up for Ralcorp deal from Canadian regulators

ConAgra Foods has received a 'no-action letter' from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge its $6.8bn acquisition of private label food giant Ralcorp.

The deal, which still remains subject to certain other closing conditions, including approval by Ralcorp’s shareholders, creates one of the largest packed food companies in North America with annual sales of around $18bn, $4.5bn of which are in private label products.

ConAgra is best known for its branded grocery products such as Hebrew National hot dogs and Hunt's canned vegetables, but it also supplies frozen potato, vegetable, spice and grain products to restaurants, foodservice operators and commercial customers.

Ralcorp is a leading supplier of private-label foods for retailers and frozen bakery products for in-store bakeries and foodservice customers. 

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