Conagra Sells Lender's Bagel to Bimbo Bakeries -- Update
January 02 2020 - 7:40PM
Dow Jones News
(Adds details)
By Josh Beckerman
Conagra Brands Inc. (CAG) has sold its Lender's Bagel business
to Bimbo Bakeries USA Inc., a unit of Mexico's Grupo Bimbo SAB.
The company said in its 10-Q filing that net proceeds were $33.2
million, subject to final working capital adjustments. Last month,
Conagra said it agreed to sell Lender's, and this was expected to
reduce net sales by about $50 million.
The sale included a factory in Mattoon, Ill.
Lender's became part of Conagra via the $8.2 billion of Pinnacle
Foods in 2018.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 02, 2020 19:25 ET (00:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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