Conagra Brands Finalizes Sale of Chef Boyardee Brand

Author: Owen Jenkins Updated: 06-03-2025 08:58 AM

Conagra Brands Completes Divestiture of Chef Boyardee

In a significant move within the food industry, Conagra Brands, Inc. (NYSE: CAG) has successfully sold the iconic Chef Boyardee brand to Hometown Food Company, a member of the Brynwood Partners portfolio. This transaction marks a strategic decision to streamline Conagra's operations and focus on its core business while ensuring Chef Boyardee continues to thrive under new ownership.

Details of the Transaction

The deal involves not only the Chef Boyardee brand but also the manufacturing facility located in Milton, PA. Conagra will maintain a license for frozen skillet meals, ensuring a continued partnership with Hometown Food Company. This arrangement signifies a collaborative approach to product development while allowing Chef Boyardee to benefit from Hometown's expertise.

About Conagra Brands

Founded over a century ago, Conagra Brands, Inc. stands out as one of North America's leading food companies. Known for its diverse portfolio, Conagra takes pride in brands like Birds Eye, Duncan Hines, and Healthy Choice, among others. By embracing innovation and consumer trends, Conagra continually adapts its offerings while maintaining high-quality standards. In the last fiscal year, Conagra reported impressive sales exceeding $12 billion, reflecting its successful response to market demands.

Commitment to Quality and Sustainability

Conagra's commitment extends beyond its product lines. The company is dedicated to responsible business practices that benefit employees, communities, and the environment. By evolving its brand strategies, Conagra not only meets changing consumer preferences but also aligns with sustainable practices, reinforcing its position as a responsible corporate citizen.

Future Prospects

Moving forward, Conagra Brands will continue focusing on innovation and collaboration, ensuring its brands resonate with consumers. The divestiture of Chef Boyardee opens new avenues for growth, allowing Conagra to allocate resources toward emerging opportunities within the food sector.

Contact Information

For media inquiries, please reach out to:

MEDIA:
Conagra Brands
Email: contact@conagrabrands.com

For investors, please contact:
Matthew Neisius
Email: matthew.neisius@conagrabrands.com

Frequently Asked Questions

What prompted Conagra to sell Chef Boyardee?

The sale was part of a strategic plan to focus on core brands and streamline operations.

Who purchased the Chef Boyardee brand?

The Chef Boyardee brand was acquired by Hometown Food Company, part of the Brynwood Partners portfolio.

Will frozen skillet meals still be available?

Yes, Conagra will continue to license frozen skillet meals from the Chef Boyardee brand.

How is Conagra adapting to market changes?

Conagra continuously evolves its product offerings based on consumer preferences and trends to remain competitive.

What are Conagra's core values?

Conagra is committed to quality, innovation, and sustainable business practices, ensuring ethical operations and community support.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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