STOCK TITAN
  1. Home
  2. News
  3. CAG
  4. Conagra Brands Completes Divestiture of Chef Boyardee® Brand to Hometown Food Company, a Brynwood Partners Portfolio Company

Conagra Brands Completes Divestiture of Chef Boyardee® Brand to Hometown Food Company, a Brynwood Partners Portfolio Company

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Conagra Brands (NYSE: CAG) has completed the sale of its iconic Chef Boyardee brand to Hometown Food Company, a portfolio company of Brynwood Partners. The transaction includes the manufacturing facility in Milton, Pennsylvania, along with all assets and operations related to Chef Boyardee's shelf-stable products business. Notably, Conagra will retain licensing rights for Chef Boyardee frozen skillet meals through a licensing agreement with Hometown Food Company. Conagra Brands, a leading North American food company with over $12 billion in fiscal 2024 net sales, continues to maintain a diverse portfolio of popular brands including Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, and Angie's BOOMCHICKAPOP.
Conagra Brands (NYSE: CAG) ha completato la vendita del suo iconico marchio Chef Boyardee a Hometown Food Company, una società del portafoglio di Brynwood Partners. L'operazione comprende lo stabilimento di produzione a Milton, Pennsylvania, insieme a tutti gli asset e le attività legate al business dei prodotti a lunga conservazione di Chef Boyardee. È importante sottolineare che Conagra manterrà i diritti di licenza per i pasti surgelati Chef Boyardee in padella tramite un accordo di licenza con Hometown Food Company. Conagra Brands, una delle principali aziende alimentari nordamericane con oltre 12 miliardi di dollari di vendite nette nel 2024 fiscale, continua a gestire un portafoglio variegato di marchi popolari tra cui Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim e Angie's BOOMCHICKAPOP.
Conagra Brands (NYSE: CAG) ha completado la venta de su icónica marca Chef Boyardee a Hometown Food Company, una empresa del portafolio de Brynwood Partners. La transacción incluye la planta de producción en Milton, Pennsylvania, junto con todos los activos y operaciones relacionados con el negocio de productos estables en estantería de Chef Boyardee. Cabe destacar que Conagra conservará los derechos de licencia para las comidas congeladas Chef Boyardee para sartén mediante un acuerdo de licencia con Hometown Food Company. Conagra Brands, una destacada empresa alimentaria de Norteamérica con más de 12 mil millones de dólares en ventas netas fiscales para 2024, sigue manteniendo un portafolio diverso de marcas populares como Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim y Angie's BOOMCHICKAPOP.
Conagra Brands(NYSE: CAG)는 상징적인 Chef Boyardee 브랜드를 Brynwood Partners의 포트폴리오 회사인 Hometown Food Company에 매각을 완료했습니다. 이번 거래에는 펜실베이니아주 밀턴에 위치한 제조 시설과 Chef Boyardee의 상온 보관 제품 사업과 관련된 모든 자산 및 운영이 포함됩니다. 특히, Conagra는 Hometown Food Company와의 라이선스 계약을 통해 Chef Boyardee 냉동 스킬렛 식사에 대한 라이선스 권리를 유지할 예정입니다. Conagra Brands는 2024 회계연도 순매출 120억 달러 이상을 기록하는 북미 선도 식품 회사로서 Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, Angie's BOOMCHICKAPOP 등 다양한 인기 브랜드 포트폴리오를 계속 보유하고 있습니다.
Conagra Brands (NYSE : CAG) a finalisé la vente de sa marque emblématique Chef Boyardee à Hometown Food Company, une société du portefeuille de Brynwood Partners. La transaction comprend l'usine de fabrication située à Milton, en Pennsylvanie, ainsi que tous les actifs et opérations liés à l'activité des produits non périssables de Chef Boyardee. Il est important de noter que Conagra conservera les droits de licence pour les repas surgelés Chef Boyardee en poêle grâce à un accord de licence avec Hometown Food Company. Conagra Brands, une entreprise alimentaire nord-américaine de premier plan avec plus de 12 milliards de dollars de ventes nettes au cours de l'exercice 2024, continue de gérer un portefeuille diversifié de marques populaires telles que Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim et Angie's BOOMCHICKAPOP.
Conagra Brands (NYSE: CAG) hat den Verkauf seiner ikonischen Marke Chef Boyardee an die Hometown Food Company, ein Portfoliounternehmen von Brynwood Partners, abgeschlossen. Die Transaktion umfasst die Produktionsstätte in Milton, Pennsylvania, sowie alle Vermögenswerte und den Betrieb im Zusammenhang mit dem Geschäft der haltbaren Chef Boyardee-Produkte. Bemerkenswert ist, dass Conagra die Lizenzrechte für die gefrorenen Pfannengerichte von Chef Boyardee durch eine Lizenzvereinbarung mit Hometown Food Company behält. Conagra Brands, ein führendes nordamerikanisches Lebensmittelunternehmen mit über 12 Milliarden US-Dollar Nettoumsatz im Geschäftsjahr 2024, führt weiterhin ein vielfältiges Portfolio beliebter Marken wie Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim und Angie's BOOMCHICKAPOP.
Positive
  • Strategic divestiture allows Conagra to focus on core brands and potentially improve operational efficiency
  • Maintains licensing rights for Chef Boyardee frozen skillet meals, preserving a revenue stream
  • Company demonstrates portfolio optimization while retaining strong brands like Birds Eye and Duncan Hines
Negative
  • Loss of revenue stream from Chef Boyardee shelf-stable products
  • Reduction in manufacturing capacity with the sale of Milton, PA facility
  • Potential loss of market share in the shelf-stable meals category

CHICAGO, June 3, 2025 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that it has completed the divestiture of the Chef Boyardee® brand to Hometown Food Company, a Brynwood Partners portfolio company. The transaction includes the manufacturing facility in Milton, Pa., as well as all assets and operations dedicated to the Chef Boyardee shelf-stable products business with the exception of frozen skillet meals, which will be licensed by Hometown Food Company to Conagra.

About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on collaboration and innovation. The company's portfolio is continuously evolving to satisfy consumers' ever-changing food preferences. Conagra's brands include Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, Angie's® BOOMCHICKAPOP®, and many more. As a corporate citizen, we aim to do what's right for our business, our employees, our communities and the world. Headquartered in Chicago, Conagra Brands generated fiscal 2024 net sales of more than $12 billion. For more information, visit www.conagrabrands.com.

For more information, please contact:
MEDIA:
Media@conagra.com
INVESTORS:
Matthew Neisius
IR@conagra.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/conagra-brands-completes-divestiture-of-chef-boyardee-brand-to-hometown-food-company-a-brynwood-partners-portfolio-company-302471923.html

SOURCE Conagra Brands, Inc.

FAQ

Why did Conagra Brands (CAG) sell Chef Boyardee?

While specific reasons weren't disclosed in the press release, the sale appears to be part of Conagra's strategic portfolio optimization efforts to focus on core brands and improve operational efficiency.

What assets were included in Conagra's Chef Boyardee sale to Hometown Food Company?

The sale included the Chef Boyardee brand, the manufacturing facility in Milton, PA, and all assets and operations related to shelf-stable products, except for frozen skillet meals which will be licensed back to Conagra.

Will Conagra still produce any Chef Boyardee products after the sale?

Yes, Conagra will continue to produce Chef Boyardee frozen skillet meals through a licensing agreement with Hometown Food Company.

Who is the buyer of Chef Boyardee from Conagra?

The buyer is Hometown Food Company, a portfolio company of Brynwood Partners.

What major brands does Conagra still own after selling Chef Boyardee?

Conagra continues to own major brands including Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, and Angie's BOOMCHICKAPOP.
Stock CAG logo
Conagra Brands Inc

NYSE:CAG

CAG Rankings

#811 Ranked by Market Cap
#513 Ranked by Dividends

CAG Latest News

May 21, 2025
Dolly Parton Serves Up Southern-Inspired Comfort Food with New Line of Single-Serve Frozen Meals
May 12, 2025
Conagra Brands Brings Diverse Collection of Snacks to 2025 Sweets & Snacks Expo
May 1, 2025
Hometown Food Company, a Brynwood Partners Portfolio Company, Agrees to Acquire the Chef Boyardee® Brand from Conagra Brands, Inc.
May 1, 2025
Conagra Brands Enters Into Definitive Agreement with Hometown Food Company, a Brynwood Partners Portfolio Company, to Divest the Chef Boyardee® Brand
Apr 29, 2025
Conagra Brands to Participate in the Goldman Sachs Global Staples Forum

CAG Stock Data

10.93B
474.59M
0.56%
89.68%
3.6%
Packaged Foods
Food and Kindred Products
Link
United States
CHICAGO

Related Articles

Continue reading with these related stories

View All Latest News