M&A Deal Summary

Conagra Brands Acquires Ralcorp Holdings

On November 27, 2012, Conagra Brands acquired food company Ralcorp Holdings for 6.8B USD

Acquisition Highlights
  • This is Conagra Brands’ 18th transaction in the Food sector.
  • This is Conagra Brands’ 2nd largest (disclosed) transaction.
  • This is Conagra Brands’ 17th transaction in the United States.
  • This is Conagra Brands’ 1st transaction in Missouri.

M&A Deal Summary
Date 2012-11-27
Target Ralcorp Holdings
Sector Food
Buyer(s) Conagra Brands
Deal Type Add-on Acquisition
Deal Value 6.8B USD
Advisor(s) Barclays Investment Bank
Goldman Sachs (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Ralcorp Holdings

St. Louis, Missouri, United States
website
Ralcorp produces a variety of private-brand foods sold under the individual labels of various grocery, mass merchandise and drugstore retailers, and frozen bakery products sold to in-store bakeries, restaurants and other foodservice customers. Ralcorp Holdings, Inc. was formed in 1994 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Conagra Brands

Chicago, Illinois, United States

website

Category Company
Founded 1919
Sector Food
Employees18,000
Revenue 11.5B USD (2022)
DESCRIPTION
Conagra's office in Omaha, Nebraska.
Conagra's office in Omaha, Nebraska.

Conagra Brands is a packaged food company with branded and private branded food products. In addition to serving consumer households, ConAgra also offers food products to commercial food customers including restaurants and foodservice companies. Conagra Brands was incorporated in 1919 and is based in Chicago, Illinois.

DEAL STATS #
Overall 18 of 29
Sector (Food) 18 of 29
Type (Add-on Acquisition) 15 of 25
State (Missouri) 1 of 1
Country (United States) 17 of 27
Year (2012) 5 of 5
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-30 Unilever - Bertolli and P.F.Home Menu Frozen Meals Business Units

United States

Unilever PLC's Bertolli and P.F.Home Menu Frozen Meals Business Units manufacture frozen meals under the brand names Bertolli and P.F. Chang’s.

Buy $265M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-29 Medallion Foods

Tacoma, Washington, United States

Medallion Foods, Inc. is focused on making the finest dry pasta products possible. Medallion was drawn to the west by some of the best durum semolina in the world, milled from the hard amber durum wheat grown in North America.

Buy -
Mergr

Product

Company

Legal