Conagra Foods Becomes Conagra Brands
Conagra Foods is changing its name to Conagra Brands, according to the company’s website.
Once the separation from Lamb Weston is complete, the company will be known as Conagra Brands, with emphasis on its portfolio of No. 1 and No. 2 brands in categories throughout retail stores. Conagra Brands will stand as a company with approximately USD8bn in annual sales. The new iteration will feature four business units, with Grocery & Snacks making up 41% of sales, Refrigerated & Frozen (35%), Foodservice (14%) and International (10%). Branded products will represent 91% of sales, hence the emphasis on the second part of the new name.
“This is a totally new era. We are not the agricultural business that we started almost 100 years ago. We are certainly not the global conglomerate that we’ve been for decades. For the
first time in our history, we will be a branded C.P.G. pure play largely focused in North America, and we are incredibly excited about what that means and the focus that will bring,” said Sean Connolly, president and chief executive officer.
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