ConAgra Foods, Inc., (NYSE: CAG) announced today that it is expanding its facility in Russellville, AR to make Bertolli ® and P.F. Chang’s ® frozen meals. The expansion, anticipated to be a $100 million investment, is expected to create more than 80 jobs.
“ConAgra Foods has a long history in Russellville and we are pleased to grow our presence in the area,” said Mike Tracy, Senior Vice President of Consumer Foods Supply Chain for ConAgra Foods. “Our dedicated employees, along with the support of the city of Russellville and the state of Arkansas will allow us to make great food here for many years to come.”
ConAgra Foods has approximately 1,350 employees in Russellville, AR and has operated in the area since 1965.
ConAgra Foods acquired the Bertolli and P.F. Chang’s Home Menu frozen meals businesses earlier this year as part of its growth strategy, which includes growing its core businesses and expanding into strategic adjacencies. ConAgra Foods’ presence in the freezer case, includes brands such as Marie Callender’s ®, Banquet ®, Healthy Choice ® , Kid Cuisine ®, Bertolli ® and P.F. Chang’s ®. The Bertolli and P.F. Chang’s brands are used under license.About ConAgra FoodsConAgra Foods, Inc., (NYSE: CAG), is one of North America's leading food companies, with brands in 97 percent of America’s households. Consumers find Banquet, Chef Boyardee, Egg Beaters, Hebrew National, Hunt’s, Marie Callender’s, Orville Redenbacher’s, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack and many other ConAgra Foods brands in grocery, convenience, mass merchandise and club stores. ConAgra Foods also has a strong business-to-business presence, supplying frozen potato and sweet potato products as well as other vegetable, spice and grain products to a variety of well-known restaurants, foodservice operators and commercial customers. For more information, please visit us at http://www.conagrafoods.com. Note on Forward-looking StatementsThis release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current views and assumptions of future events and financial performance and are subject to uncertainty and changes in circumstances. We undertake no responsibility for updating these statements. Readers of this release should understand that these statements are not guarantees of performance or results. Many factors could affect our actual financial results and cause them to vary materially from the expectations contained in the forward-looking statements, including those set forth in this release. These factors include, among other things: availability and prices of raw materials, including any negative effects caused by inflation; the effectiveness of our product pricing, including any pricing actions and promotional changes; future economic circumstances; industry conditions; our ability to execute our operating and restructuring plans; the success of our innovation, marketing, and cost- saving initiatives; the competitive environment and related market conditions; operating efficiencies; the ultimate impact of any product recalls; our success in efficiently and effectively integrating acquisitions; access to capital; actions of governments and regulatory factors affecting our businesses, including the Patient Protection and Affordable Care Act; the amount and timing of repurchases of our common stock, if any; and other risks described in our reports filed with the Securities and Exchange Commission. We caution readers not to place undue reliance on any forward-looking statements included in this release, which speak only as of the date of this release.