CHICAGO, April 24, 2017 /PRNewswire/ -- Today Conagra
Brands, Inc. (NYSE: CAG) announced that it has completed the
acquisition of protein-based snacking businesses Thanasi Foods LLC,
maker of Duke's® meat snacks, and BIGS LLC, maker of BIGS® seeds
(collectively, Thanasi). The definitive agreement to acquire
Thanasi was announced on March 16,
2017. Financial terms were not disclosed.
"The addition of Duke's and BIGS is another move to reshape
Conagra's portfolio to be more premium and modern," said
Sean Connolly, president and chief
executive officer of Conagra Brands. "We welcome the Thanasi team
to Conagra and look forward to working together to grow the
brands."
The Duke's and BIGS brands will continue operating out of
Boulder, Colorado.
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food
companies. Guided by an entrepreneurial spirit, Conagra Brands
combines a rich heritage of making great food with a sharpened
focus on innovation. The company's portfolio is evolving to satisfy
people's changing food preferences. Conagra's iconic brands, such
as Marie Callender's®, Reddi-wip®,
Hunt's®, Healthy Choice®, Slim Jim® and Orville Redenbacher's®, as well as emerging
brands, including Alexia®, Blake's® and Frontera®, offer choices
for every occasion. With an ongoing commitment to corporate
citizenship, Conagra Brands has been named to the Dow Jones
Sustainability™ North America Index for six consecutive years. For
more information, visit www.conagrabrands.com.
About Duke's Meat Snacks
Duke's is a fast-growing premium meat snack brand, with products
including Duke's Smoked Shorty® Sausages and Duke's Steak
Strips and Brisket Strips. Duke's refuses to take shortcuts and is
committed to making products in small batches with real, whole
ingredients, fresh never-frozen pork and chicken, 100% grass-fed
beef, and authentic hardwood smoke pairings. For more information,
please visit www.dukesmeats.com.
About BIGS Seeds
BIGS® produces a line of premium, USA-grown seed snacks, including jumbo,
fire-roasted in-shell sunflower seeds, sunflower seed kernels, and
homestyle-roasted pumpkin seeds. BIGS partners with some of
America's most iconic and loved ingredient brands to bring big,
bold flavors to its seeds. For more information, visit
www.BIGS.com.
For more information, please contact:
MEDIA: Dan Hare
312-549-5355
daniel.hare@conagra.com
INVESTORS: Johan Nystedt
312-549-5002
ir@conagra.com
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SOURCE Conagra Brands, Inc.