Conagra Brands - M&A Summary and Business Overview

FoodCompany

Conagra Brands M&A Summary

Conagra Brands has acquired 30 companies. A total of 9 acquisitions came from private equity firms. It has also divested 18 assets.

Conagra Brands’ largest acquisition to date was in 2018, when it acquired Pinnacle Foods for $10.9B. It’s largest disclosed sale occurred in 2008, when it sold Gavilon Agriculture Investment to General Atlantic for $2.8B. Conagra Brands has acquired in 17 different US states, and 3 countries. The Company’s most targeted sectors include food (100%).

Conagra Brands Business Overview

Where is Conagra Brands headquartered?

Conagra Brands is headquartered in Chicago, Illinois.

What is Conagra Brands’ revenue?

Conagra Brands disclosed revenue of 11,536M USD for 2022 and 11,185M USD for 2021.

How many employees does Conagra Brands have?

Conagra Brands has 18,000 employees.

What sector is Conagra Brands in?

Conagra Brands is a food company.

When was Conagra Brands founded?

Conagra Brands was founded in 1919.

M&A Summary

  • M&A Total Activity47
    • M&A Buy Activity29
    • M&A Sell Activity18
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 25
  • M&A Advisors 6

Conagra Brands

Conagra Brands, Inc.

222 West Merchandise Mart Plaza, Suite 1300,
Chicago, Illinois 60654
United States,
(312) 549-5000
www.conagrabrands.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 29 - - - - - 29
vol $22.6B $22.6B
Sell (0.2/yr) # 17 1 - - - - 18
vol $7.0B $7.0B
  47

Most Recent M&A

Company Date Value Type
Peter Pan 2020-12-07 - Divestiture
Chicago, Illinois · www.peterpanpb.com
Wesson Oil Brand 2018-12-18 - Divestiture
Omaha, Nebraska · www.wessonoil.com
Pinnacle Foods, Inc. 2018-06-27 10.9B USD Add-on Acquisition
Parsippany, New Jersey · www.pinnaclefoods.com
Sandwich Bros. Of Wisconsin 2017-12-21 - Add-on Acquisition
Milwaukee, Wisconsin · www.sandwichbros.com
Angie's Artisan Treats LLC 2017-10-23 250M USD Add-on Acquisition
North Mankato, Minnesota · www.boomchickapop.com
Angie’s Artisan Treats LLC (dba Angie’s Kettle Corn) 2017-09-22 - Add-on Acquisition
Mankato, Minnesota · www.angiespopcorn.com
Duke's Smoked Meats (dba Thanasi Foods LLC) 2017-03-16 - Add-on Acquisition
, United States · www.dukesmeats.com
BIGS LLC 2017-03-16 - Add-on Acquisition
Boulder, Colorado · www.BIGS.com
Red Fork LLC 2016-09-26 - Add-on Acquisition
Chicago, Illinois · www.redforkfoods.com
Frontera Foods, Inc. 2016-09-26 - Add-on Acquisition
Chicago, Illinois · www.fronterafiesta.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Ralcorp Holdings, Inc. 2012-11-27 Gelit Srl 2019-05-03 1
St. Louis, Missouri · www.ralcorp.com Doganella di Ninfa, Italy · www.gelit.it

M&A by Sector

Sector Buy # Value Sell # Value
Food 29 (100%) 22.6B (100%) 14 (78%) 4.2B (60%)
Distribution - - 2 (11%) -
Agriculture - - 1 (6%) -
Real Estate - - 1 (6%) 2.8B (40%)
Total 29 $22.6B 18 $7.0B

By Geo

State/Country Buy Value Sell Value
United States 27 22.5B 18 7.0B
  Nebraska 1 75M 7 3.1B
  Minnesota 3 250M 1 -
  Illinois 2 - 2 545M
  Washington 2 - 1 34M
  California 2 1.3B - -
  Wisconsin 2 - - -
  New York 2 - - -
  New Jersey 2 13.8B - -
  Massachusetts 1 - 1 -
  Colorado 1 - 1 -
  Ohio 1 - 1 -
  Missouri 1 6.8B - -
  Michigan 1 - - -
  Tennessee 1 - - -
  Pennsylvania 1 - - -
  New Hampshire 1 - - -
  Iowa - - 1 -
Canada 1 - - -
  Ontario 1 - - -
China 1 93M - -
Domestic 27 (93%) 22.5B (100%) 18 (100%) 7.0B (100%)
Cross-border 2 (7%) 93M (< 1%) - -
Total 29 $22.6B 18 $7.0B

Top M&A Advisors

Financial Deals
Goldman Sachs
3
Centerview Partners
3
BofA Securities
1
Legal Deals
Jones Day
4
Davis Polk & Wardwell
2
McGrath North Mullin & Kratz PC
1

Deal Values

buy # Total
> $1B 4 $21.9B
$100M to $1B 2 $515M
< $100M 2 $168M
TOTAL $22.6B
Largest Pinnacle Foods, Inc.
$10.9B (2018-06-27)
sell # Total
> $1B 2 $5.5B
$100M to $1B 3 $1.5B
< $100M 1 $34M
TOTAL $7.0B
Largest Gavilon Agriculture Investment, Inc.
$2.8B (2008-06-23)

M&A Connections

Deals
Acquired from
Investor(s)
28%
8 (28%)
Strategic(s)
14%
4 (14%)
Divested to
Investor(s)
28%
5 (28%)
Strategic(s)
72%
13 (72%)

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