ConAgra Sells Medallion Unit to Shearer's Foods

By Dave Fusaro, Editor in Chief

May 16, 2014

Even before Shearer's Foods inked the deal for Snyder's-Lance's private label snacks in May, Shearer's had acquired Medallion Foods from ConAgra Foods in a deal valued at $33.5 million.

ConAgra acquired Medallion, which makes tortilla chips and other corn-based snack products, through its 2013 purchase of Ralcorp Holdings.

"Although ConAgra Foods believes strongly in the salty snacks category, the Medallion Foods business is not large enough within ConAgra Foods to command the resources it needs to grow," ConAgra said.

Join the discussion

We welcome your thoughtful comments. Please comply with our Community rules.
All comments will display your user name.

Want to participate in the discussion?

Register for free

Log in for complete access.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments