Food Engineering
ConAgra

ConAgra to Acquire Ralcorp

Deal will create largest private label packaged foods company in North America

November 27, 2012

ConAgra to Acquire Ralcorp

ConAgra Foods announced its acquisition of Ralcorp Holdings for $4.95 billion in cash in a deal that was approved unanimously by each company’s board of directors. The $90 per-share price represents a 28.2 percent premium over the closing price of Ralcorp stock on November 26. The move will create the largest North American private label packaged foods company with sales of $4.5 billion annually, and one of the largest North American packaged food companies with sales around $18 billion annually. The acquisition should bolster ConAgra’s Recipe for Growth strategy, which focuses on building revenue in the high-growth private label arena.