Home » ConAgra to Buy Tennessee Pride
ConAgra to Buy Tennessee Pride
ConAgra Foods Inc. in April said it agreed to acquire Odom's Tennessee Pride, a Madison, Tenn., producer of frozen and refrigerated breakfast sandwiches and sausage.
The agreement includes facilities in Little Rock, Ark., and Dickson, Tenn., and the headquarters in Madison, Tenn. Odom's Tennessee Pride has approximately 750 employees, annual revenue in excess of $190 million, and is the second largest producer of frozen breakfast sandwiches in the U.S.
Financial terms were not disclosed. The deal is expected to close by the end of May.
ConAgra officials said the acquisition will add frozen breakfasts to its frozen meals business. "We are excited to develop our portfolio in the growing breakfast category,” said Gary Rodkin, ConAgra CEO.
"We are proud of the business we've built over the past three generations," said Larry Odom, chairman and CEO. "We are excited to join ConAgra Foods and we look forward to being a part of their growth plans."
The proposed acquisition would be the third in the past year for ConAgra Foods, following the acquisitions of National Pretzel Co. and Del Monte Canada.
PepsiCo Stock Hits 32-Year High, but Why?
Decent first quarter but also investment firms buys a big stake.
Happy Family Bought by Groupe Danone
Dannon parent acquires 92 percent of seven-year-old toddler food company.
Anuga 2013: A Taste of Global Innovations Set to Take Place October 5-9
The huge global food show will be October 5-9 in Cologne, Germany.
Vermont Passes Genetic Labeling Bill
The Vermont House of Representatives approved H.112 on May 10. The bill will go to the senate next in fall 2013. If passed, the earliest the act could become law is January 2014.
GMO Labeling Effort Reaches Washington
Senate and House bills would require the FDA to develop regulations for the labeling of food containing bioengineered ingredients.
Burger King CEO To Take Over at Heinz
Bernardo Hees of 3G Capital is new CEO of Pittsburgh acquisition.
The New Hostess Company Resumes Operations
The Metropolous-Apollo-controlled company plans to reopen four plants and hire workers, but not union labor.
- 04/19/2013 Cheesemaker, Restaurant Chain Hold Mac and Cheese Cookoff
- 04/19/2013 Restaurant Chain That Also Supplies School Lunches Goes Trans Fat-Free
$10 Billion Offer for D.E Master Blenders 1753
Former part of Sara Lee eyed by European fund Joh. A. Benckiser.
- All news »
Access Food Processing and Wellness Foods magazines on-line and receive an e-mail each month when your new issue is ready. Subscribe Now »
Biweekly updates delivering feature articles, top industry news, company news, product announcements, technical issues and more. Subscribe Now »