M&A Deal Summary

Conagra Brands Acquires Elan Nutrition

On April 12, 2010, Conagra Brands acquired food company Elan Nutrition from Sun Capital Partners

Acquisition Highlights
  • This is Conagra Brands’ 11th transaction in the Food sector.
  • This is Conagra Brands’ 11th transaction in the United States.
  • This is Conagra Brands’ 1st transaction in Michigan.

M&A Deal Summary

Date 2010-04-12
Target Elan Nutrition
Sector Food
Buyer(s) Conagra Brands
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition

Target

Elan Nutrition

Grand Rapids, Michigan, United States
Elan Nutrition, Inc. is a manufacturer of nutritional snacks for the local market.

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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 11 of 30
Sector (Food) 11 of 30
Type (Add-on Acquisition) 11 of 26
State (Michigan) 1 of 1
Country (United States) 11 of 28
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Saroni Sugar & Rice

Oakland, California, United States

Saroni Sugar & Rice Inc.,is a food ingredients distributor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-14 American Pie

Woodbury, New York, United States

American Pie LLC is a manufacturer of frozen fruit pies, thaw and serve pies, fruit cobblers and pie crusts under the licensed Marie Callender's and Claim Jumper trade names, as well as frozen dinners, pot pies and appetizers under the Claim Jumper trade name.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 15 of 127
Sector (Food) 1 of 8
Type (Add-on Acquisition) 4 of 53
State (Michigan) 1 of 6
Country (United States) 14 of 88
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 Atmosphere Bars and Clubs

Knowlhill, United Kingdom

Atmosphere Bars and Clubs is one of the UK’s leading operators of late night bars targeting the 25 to 40 year old market. Atmospheres sites are located in medium to large towns throughout England and Wales and the company's main objective is to ensure that its customers enjoy the ultimate party atmosphere when they visit. The Company operates 31 sites, 22 of which trade under the Chicago Rock Café brand name and 9 of which are clubs trading under various brand names.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-01 Captain D s

Nashville, Tennessee, United States

Captain D's owns, operates, and franchises some 500+ restaurants in 25 states, plus military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. Captain D's was formed in 1969 and is based in Nashville, Tennessee.

Buy -