Conagra Brands Completes Divestiture of Van de Kamp's® and Mrs. Paul's® Brands to High Liner Foods

Rhea-AI Summary

Conagra Brands (NYSE: CAG) has announced the completion of its divestiture of Van de Kamp's® and Mrs. Paul's® brands to High Liner Foods. The transaction includes all associated intellectual property and inventory, but excludes employees and manufacturing facilities.

Conagra Brands, a leading North American food company with a century-long history, reported fiscal 2024 net sales exceeding $12 billion. The company's portfolio includes prominent brands such as Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, and Angie's® BOOMCHICKAPOP®.

Positive

• Strategic portfolio optimization through divestiture of non-core brands
• Retention of manufacturing facilities and employees, maintaining operational capacity
• Strong fiscal 2024 performance with net sales exceeding $12 billion

Negative

• Reduction in brand portfolio and potential loss of associated revenue streams

News Market Reaction – CAG

+0.34%

1 alert

+0.34% News Effect

On the day this news was published, CAG gained 0.34%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHICAGO, June 30, 2025 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that it has completed the divestiture of the Van de Kamp's® and Mrs. Paul's® brands to High Liner Foods. The sale includes all associated intellectual property and inventory, but does not include employees or manufacturing facilities.

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 

View original content to download multimedia:https://www.prnewswire.com/news-releases/conagra-brands-completes-divestiture-of-van-de-kamps-and-mrs-pauls-brands-to-high-liner-foods-302494441.html

SOURCE Conagra Brands, Inc.

FAQ

What brands did Conagra (NYSE: CAG) sell to High Liner Foods?

Conagra sold the Van de Kamp's® and Mrs. Paul's® brands, including all associated intellectual property and inventory, to High Liner Foods.

What was included in Conagra's brand divestiture to High Liner Foods?

The sale included all associated intellectual property and inventory of Van de Kamp's® and Mrs. Paul's® brands, but did not include employees or manufacturing facilities.

What was Conagra Brands' net sales for fiscal 2024?

Conagra Brands generated net sales of more than $12 billion in fiscal 2024.

What major brands are still part of Conagra's portfolio after the divestiture?

Conagra's portfolio includes Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, and Angie's® BOOMCHICKAPOP® among others.