Conagra Brands has struck a deal to acquire ready-to-eat popcorn maker Angie's Artisan Treats, the maker of Angie’s BOOMCHICKAPOP, from private equity firm TPG Growth for an undisclosed sum.
PepsiCo and Coca-Cola Co are among large CPG firms in talks to invest in Chobani in a deal that would value the Greek yogurt manufacturer at as much as $3bn, including debt, according to Reuters.
Chobani has confirmed that it has been looking for a new CEO for some time, but says the process was set in motion by its current CEO, founder and chairman Hamdi Ulukaya, so “to imply that he is being pushed out by the board is completely ridiculous”.
ConAgra Foods has sold Lightlife - a manufacturer of frozen and refrigerated meat alternatives it acquired in summer 2000 - to private equity firm Brynwood Partners for an undisclosed sum.
