Conagra Brands Mergers and Acquisitions Summary

Food Company

Conagra Brands has acquired 29 companies, including 7 in the last 5 years. A total of 8 acquisitions came from private equity firms. It has also divested 17 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 to General Atlantic for $2.8B. Conagra Brands has acquired in 18 different US states, and 3 countries. The Company’s most targeted sectors include food (100%).

Join Mergr and gain access to Conagra Brands’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the food sector.

M&A Summary

  • M&A Total Activity45
    • M&A Buy Activity28
    • M&A Sell Activity17
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 27
  • M&A Advisors 6

Conagra Brands, Inc.

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

Conagra Brands, Inc. 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 formed in 1919 and is based in Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.4/yr) # 21 2 4 1 - - 28
vol $11.4B $10.9B $22.3B
Sell (0.8/yr) # 13 3 - 1 - - 17
vol $4.0B $3.0B $7.0B
  45

Most Recent M&A

Company Date Value Type
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 (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
Jm Swank Co. Inc. 2016-06-08 - Divestiture
North Liberty, Iowa · www.jmswank.com
Spicetec Flavors & Seasonings 2016-05-23 340M USD Divestiture
Omaha, Nebraska · www.spicetec.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 Cisterna, Italy · www.gelit.it

M&A by Sector

Sector Buy # Value Sell # Value
Food 28 (100%) 22.3B (100%) 13 (76%) 4.2B (60%)
Distribution - - 2 (12%) -
Agriculture - - 1 (6%) -
Business Services - - 1 (6%) 2.8B (40%)
Total 28 $22.3B 17 $7.0B

By Geo

State/Country Buy Value Sell Value
United States 26 22.2B 17 7.0B
  Nebraska 1 75M 7 3.1B
  Washington 2 - 1 34M
  Minnesota 2 - 1 -
  Illinois 2 - 1 545M
  Wisconsin 2 - - -
  New York 2 - - -
  New Jersey 2 13.8B - -
  Ohio 1 - 1 -
  Massachusetts 1 - 1 -
  Colorado 1 - 1 -
  Tennessee 1 - - -
  Pennsylvania 1 - - -
  New Hampshire 1 - - -
  Missouri 1 6.8B - -
  Michigan 1 - - -
  California 1 - - -
  Arizona 1 1.3B - -
  Iowa - - 1 -
Canada 1 - - -
  Ontario 1 - - -
China 1 93M - -
Domestic 26 (93%) 22.2B (100%) 17 (100%) 7.0B (100%)
Cross-border 2 (7%) 93M (< 1%) - -
Total 28 $22.3B 17 $7.0B

Top M&A Advisors

Financial Deals
Centerview Partners LLC
3
Goldman Sachs Investment Banking Division
2
Bank of America Merrill Lynch
1
Legal Deals
Jones Day
4
Davis Polk & Wardwell LLP
2
McGrath North Mullin & Kratz PC
1

Deal Values

buy # Total
> $1B 4 $21.9B
$100M to $1B 1 $265M
< $100M 2 $168M
TOTAL $22.3B
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 LLC
$2.8B (2008-06-23)

M&A Connections

Deals %
Acquired from
PE Firm(s)
67%
8 67%
Strategic(s)
33%
4 33%
Divested to
PE Firm(s)
37%
7 37%
Strategic(s)
63%
12 63%

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