ConAgra

Business
7:22 am
Tue November 27, 2012

ConAgra Foods To Buy Ralcorp

Credit ConAgra Foods

Packaged food giant, ConAgra Foods, is buying St. Louis-based food producer Ralcorp for $4.95 billion.  The buyout will make ConAgra the top producer of store-branded foods in the U.S

ConAgra’s stable of brands include the likes of Chef Boyardee, Egg Beaters, and Reddiwhip, to name a few.  The deal creates a packaged food giant with $18 billion in annual sales

Erin Lash is Sr. Analyst at Morningstar.  She says Ralcorp has struggled recently in the face of increased manufacturing and distribution costs, as well overall tightening of the marketplace.

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