M&A Deal Summary

Conagra Brands Acquires Pinnacle Foods

On June 27, 2018, Conagra Brands acquired food company Pinnacle Foods for 10.9B USD

Acquisition Highlights
  • This is Conagra Brands’ 29th transaction in the Food sector.
  • This is Conagra Brands’ largest (disclosed) transaction.
  • This is Conagra Brands’ 27th transaction in the United States.
  • This is Conagra Brands’ 2nd transaction in New Jersey.

M&A Deal Summary
Date 2018-06-27
Target Pinnacle Foods
Sector Food
Buyer(s) Conagra Brands
Deal Type Add-on Acquisition
Deal Value 10.9B USD
Advisor(s) Evercore Group
Credit Suisse Investment Banking (Financial)
Cravath, Swaine & Moore (Legal)

Target

Pinnacle Foods

Parsippany, New Jersey, United States
Pinnacle Foods, Inc. is a manufacturer and marketer of branded convenience food products in the United States and Canada. Its product range includes frozen dinners and entrees, frozen seafood, breakfasts, bagels, pickles, peppers and relish, baking mixes and frostings, and syrups and pancake mixes.

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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 29 of 30
Sector (Food) 29 of 30
Type (Add-on Acquisition) 25 of 26
State (New Jersey) 2 of 2
Country (United States) 27 of 28
Year (2018) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Sandwich Bros. Of Wisconsin

Milwaukee, Wisconsin, United States

Sandwich Bros. Of Wisconsin which produces frozen breakfast and entrée flatbread sandwiches. Sandwich Bros. flatbread pocket sandwiches offer consumers on-the-go convenience and are filled with proteins such as 100% Angus beef, chicken raised without antibiotics, all natural sausage and real Wisconsin cheese.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Wesson Oil Brand

Omaha, Nebraska, United States

Wesson Oil Brand is an iconic edible oil in the U.S., with product offerings including vegetable, canola, corn and blended oils.

Sell -
Mergr

Product

Company

Legal