Food is a big deal.
ConAgra Brands Inc. (CAG) closed the deal to purchase Pinnacle Foods Inc. (PF) for more than $8 billion of cash and stock on Wednesday, June 27. The acquisition will expand the Chef Boyardee and Healthy Choice brand owner's footprint in the frozen foods aisle of the supermarket with Pinnacle's brand such as Birds Eye vegetables and Hungry man Meals.
The deal, which adds up to more than $10 billion when including debt, is one of the biggest acquisitions for a food brand. Here are some other big food deals:
Unlike everyone else on the list, Amazon.com Inc. (AMZN) didn't just buy a food brand, it bought the whole grocery store chain in June 2017.
The cheese giant Kraft Heinz Co. (KHC) spent a whopping $21.8 billion to get into the chocolate business with the acquisition of the British Chocolate maker Cadbury in 2010.
TreeHouse Foods Inc. (THS) coughed up $2.7 billion to buy Ralcorp and its private food brands from Conagra, which was owned by Conagra at the time.
Pets loved this deal. J.M. Smucker Co. (SJM) acquired the maker of Milk-Bone and Meow Mix, Big Heart Pet Brands, for $5.8 billion in February 2015 in order to expand its holding to more than just jam and jelly.
French dairy company Danone SA bought WhiteWave Foods Co, known best for its Silk almond milk, for $12.5 billion in July 2016 in order to get a badly needed sales boost at the time.
A combo only a bachelor would think of, Hormel Foods Corporation (HRL) jumped into the peanut butter business for $700 million when it purchased Skippy back in January 2013.
Cereal maker Post Holdings, Inc. POST paid $1.5 billion for Bob Evans Farms in September 2017. This would make Post a complete breakfast company to go along with Bob Evans' frozen breakfast foods.
Group Bimbo, the multinational bakery company based in Mexico, used $959 million of its own "bread" to buy Sara Lee in November 2010 to become the third-largest baking company in the U.S.
While $1.4 billion may not seem like a big deal by today's standards, it was in 1994 when Quaker Oats purchased Snapple. At the time, Snapple was "hip" with the kids, but it didn't work out for the oats maker who sold the tea brand for $300 million in 1997.