M&A Deal Summary

Richardson International Acquires Wesson Oil Brand

On December 18, 2018, Richardson International acquired food company Wesson Oil Brand from Conagra Brands

Acquisition Highlights
  • This is Richardson International’s 3rd transaction in the Food sector.
  • This is Richardson International’s 1st transaction in the United States.
  • This is Richardson International’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2018-12-18
Target Wesson Oil Brand
Sector Food
Buyer(s) Richardson International
Sellers(s) Conagra Brands
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Richardson International

Winnipeg, Manitoba, Canada
Category Company
Founded 1857
Sector Food
Employees2,500
DESCRIPTION

Richardson International Ltd. is an agriculture and food processing company. Richardson is a handler and merchandiser of grains and oilseeds and manufacturer of oats and canola based products. Richardson International Ltd. was established in 1857 and is headquartered in Winnipeg, Manitoba.

DEAL STATS #
Overall 7 of 8
Sector (Food) 3 of 3
Type (Divestiture) 1 of 1
State (Nebraska) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 Bestland Air

Starbuck, Manitoba, Canada

Bestland Air Ltd. is an independent crop inputs retailer. Bestland Air Ltd. was established in 2015 and is based in Starbuck, Manitoba.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Italgrani USA

St. Louis, Missouri, United States

Italgrani USA is a semolina and durum flour miller that provides grain unloading, storage, and barge loading facilities that are strategically located across U.S. farm country, where American growers produce the highest quality durum and other in-demand grains. Italgrani USA was founded in 1979 and is based in St. Louis, Missouri.

Buy -

Seller(S) 1

SELLER

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 17 of 18
Sector (Food) 13 of 14
Type (Divestiture) 17 of 18
State (Nebraska) 7 of 7
Country (United States) 17 of 18
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-27 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.

Buy $10.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Peter Pan

Chicago, Illinois, United States

Peter Pan is an operator of a nationally recognized food brand with a 100-year-old history and a diversified customer base across key channels. Peter Pan is based in Chicago, Illinois.

Sell -
Mergr

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