M&A Deal Summary

Conagra Brands Acquires International Home Foods

On June 23, 2000, Conagra Brands acquired food company International Home Foods for 2.9B USD

Acquisition Highlights
  • This is Conagra Brands’ 5th transaction in the Food sector.
  • This is Conagra Brands’ 3rd largest (disclosed) transaction.
  • This is Conagra Brands’ 5th transaction in the United States.
  • This is Conagra Brands’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2000-06-23
Target International Home Foods
Sector Food
Buyer(s) Conagra Brands
Deal Type Add-on Acquisition
Deal Value 2.9B USD

Target

International Home Foods

Parsippany, New Jersey, United States
International Home Foods, Inc. ("IHF") is a manufacturer and marketer of shelf-stable food products with popular brand names, including Chef Boyardee prepared foods, Bumble Bee premium canned seafood, PAM cooking spray, Polaner fruit spreads and spices and Gulden's mustard.

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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 5 of 30
Sector (Food) 5 of 30
Type (Add-on Acquisition) 5 of 26
State (New Jersey) 1 of 2
Country (United States) 5 of 28
Year (2000) 1 of 2
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-04 Cook Family Foods

Lincoln, Nebraska, United States

Buy $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-17 Lightlife Foods

Turners Falls, Massachusetts, United States

Lightlife Foods is a food brand with product lines that include vegetarian-based burgers, hotdogs and other meatless frozen and refrigerated items. Lightlife Foods was formed in 1979 and is based in Turners Falls, Massachusetts.

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