M&A Deal Summary

Conagra Brands Acquires Alexia Foods

On July 23, 2007, Conagra Brands acquired food company Alexia Foods from TSG Consumer Partners

Acquisition Highlights
  • This is Conagra Brands’ 7th transaction in the Food sector.
  • This is Conagra Brands’ 7th transaction in the United States.
  • This is Conagra Brands’ 1st transaction in New York.

M&A Deal Summary
Date 2007-07-23
Target Alexia Foods
Sector Food
Buyer(s) Conagra Brands
Sellers(s) TSG Consumer Partners
Deal Type Add-on Acquisition

Target

Alexia Foods

Long Island City, New York, United States
Alexia Foods, Inc. is a producer of frozen breads, appetizers and potato items.

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Buyer(S) 1

Buyer

Conagra Brands

Chicago, Illinois, United States
Category Company
Founded 1919
Sector Food
Employees18,500
Revenue 12.1B USD (2024)
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 food service companies. Conagra Brands was founded in 1919 and is based in Chicago, Illinois.

DEAL STATS #
Overall 7 of 30
Sector (Food) 7 of 30
Type (Add-on Acquisition) 7 of 26
State (New York) 1 of 2
Country (United States) 7 of 28
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-05 MaMa Rosa s Pizza

Sidney, Ohio, United States

MaMa Rosa's Pizza LLC is a provider of refrigerated pizza products under the Mama Angelina’s, Old Italian and Lean Lifestyle brands. MaMa Rosa’s sells refrigerated pizza’s–not frozen, can be found in the deli/meat or dairy section of a grocery store.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-07 Lincoln Snacks

Lincoln, United States

Lincoln Snacks Co. manufacturers and markets caramelized prepopped popcorn and glazed popcorn/nut mixes.

Buy -

Seller(S) 1

SELLER

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

TSG Consumer Partners (formerly known as The Shansby Group) is a specialist private equity firm focused on acquiring and building mid-sized, branded consumer companies. TSG invests in private and publicly traded companies, and will consider both majority and minority equity positions. Specific sectors of interest include apparel, beauty, e-commerce, personal care, retail, food/beverages, restaurants, health/wellness, household products, and pet care. TSG looks for companies with sales between $20 million and $1.5 billion and can invest commit up to $500 million per transaction. TSG Consumer Partners was formed in 1987 and is based in San Francisco, California.

DEAL STATS #
Overall 9 of 40
Sector (Food) 7 of 14
Type (Add-on Acquisition) 8 of 31
State (New York) 3 of 4
Country (United States) 9 of 38
Year (2007) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-20 Harry s Fresh Foods

Portland, Oregon, United States

Harry's Fresh Foods is a provider of consumers and foodservice partners with a range of fresh and prepared foods, including soups, chilis, stews, side dishes, entrées, sauces, gravies, and desserts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-23 Yard House USA

Irvine, California, United States

Yard House USA, Inc. is a full service restaurant company. Yard House offers contemporary American cuisine with chef-inspired recipes and ethnic flavors along with a wide range of draft beers and other beverages in a stylish and energetic setting.

Buy -
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