Foster Farms Buys 2 ConAgra Foods Brands
Stock quotes in this article:
CAG
LIVINGSTON, Calif. (AP) Privately held Foster Farms said late Monday that it has purchased ConAgra Foods Inc.'s Fernando's and El Extremo brands.
ConAgra is also known as the maker of Chef Boyardee, Hunt's tomato sauce and ACT II popcorn. Terms of the deal were not disclosed. The deal includes a Compton, Calif. plant that makes handheld Mexican products under the two brands. Foster Farms and ConAgra have also signed a transition service pact that covers order entry management, warehousing, product delivery and sales support. The acquisition closed Monday. Foster Farms specializes in fresh, all natural chicken and turkey products. Shares of ConAgra Foods added a penny to $18.65 in Tuesday afternoon trading.- Loading Comments...
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