Gary Rodkin, CEO of branded and private label food giant ConAgra Foods, has announced plans to retire at the end of the company’s fiscal year, in May 2015.
A major new player in the flour milling industry may not now emerge until the second quarter of this year, as regulators continue to scrutinize the proposed merger of ConAgra Mills and Horizon Milling (a joint venture between Cargill and CHS) to create...
Organic volumes in ConAgra Foods’ Consumer Foods segment rose 3% in the last quarter, marking an “important turning point” after more than two years of negative growth, said CEO Gary Rodkin yesterday.
A major new player in the flour milling industry will emerge later this year following the merger of ConAgra Mills and Horizon Milling (a joint venture between Cargill and CHS) to create a new company called Ardent Mills.
Shareholders at Ralcorp have approved a mega-deal to combine Ralcorp with ConAgra Foods to create a one of the largest packaged foods companies in North America, with annual sales of $18bn.
After multiple abortive attempts in 2011, ConAgra Foods has announced that it has reached a ‘definitive agreement’ to buy Ralcorp Holdings, the largest manufacturer of private label food in the US.
While higher ticket prices have dented volumes of its Banquet brand, ConAgra is predicting a steady rebound in the frozen case this year as innovative new products gain traction.
ConAgra Foods has agreed to acquire Bertolli and P.F. Chang’s Home Menu frozen meals businesses from Unilever for $265m, as part of a strategy to continue its growth in the frozen foods category, the company has said.
Food manufacturer ConAgra Foods has reported a 14% drop in its second-quarter profits, under pressure from higher food commodity costs, despite increased sales.
ConAgra has made an unsteady start to the financial year as unexpectedly high inflation and wheat market dynamics pushed profit down, despite rising sales.
Ralcorp has rebuffed the advances of suitor ConAgra Foods for the third time and insisted that its plan to spin off its Post cereals business offers shareholders greater value.
ConAgra Foods continues to slash plants and employees, announcing
last week a number of new measures due to be taken as part of its
ongoing efforts to streamline operations.
ConAgra Foods has announced that it is to sell most of its
refrigerated meats businesses, in a deal worth almost $2 billion,
as it attempts to streamline its operations.
