Conagra Brands - M&A Summary and Business Overview

FoodCompany

Conagra Brands M&A Summary

Conagra Brands has acquired 31 companies, including 1 in the last 5 years. 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 12,051M USD for 2024 and 12,277M USD for 2023.

How many employees does Conagra Brands have?

Conagra Brands has 18,500 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 Activity48
    • M&A Buy Activity30
    • 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 food service companies. Conagra Brands was founded in 1919 and is based in Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 29 - - - - 1 30
vol $22.6B $22.6B
Sell (0.2/yr) # 17 1 - - - - 18
vol $7.0B $7.0B
  48

Most Recent M&A

Company Date Value Type
Sweetwood Smoke & Co. 2024-08-09 - Add-on Acquisition
Steamboat Springs, Colorado · www.sweetwood.com
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
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 30 (100%) 22.6B (100%) 14 (78%) 4.2B (60%)
Distribution - - 2 (11%) -
Agriculture - - 1 (6%) -
Real Estate - - 1 (6%) 2.8B (40%)
Total 30 $22.6B 18 $7.0B

By Geo

State/Country Buy Value Sell Value
United States 28 22.5B 18 7.0B
  Nebraska 1 75M 7 3.1B
  Minnesota 3 250M 1 -
  Illinois 2 - 2 545M
  Washington 2 - 1 34M
  Colorado 2 - 1 -
  Wisconsin 2 - - -
  New York 2 - - -
  New Jersey 2 13.8B - -
  California 2 1.3B - -
  Ohio 1 - 1 -
  Massachusetts 1 - 1 -
  Tennessee 1 - - -
  Pennsylvania 1 - - -
  New Hampshire 1 - - -
  Missouri 1 6.8B - -
  Michigan 1 - - -
  Iowa - - 1 -
Canada 1 - - -
  Ontario 1 - - -
China 1 93M - -
Domestic 28 (93%) 22.5B (100%) 18 (100%) 7.0B (100%)
Cross-border 2 (7%) 93M (< 1%) - -
Total 30 $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
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)
27%
8 (27%)
Strategic(s)
13%
4 (13%)
Divested to
Investor(s)
28%
5 (28%)
Strategic(s)
72%
13 (72%)

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