Conagra Brands announced an agreement Thursday to acquire Boulder, Colo.-based Thanasi Foods, maker of Duke’s meat snacks and Bigs seeds.
Terms of the deal were not disclosed. Conagra, headquartered in Chicago, is adding to a snack portfolio that already includes Slim Jim meat sticks and David Seeds. The deal, subject to regulatory approval, is expected to close this summer, according to a Conagra news release.
“This is another exciting step in our ongoing efforts to reshape our portfolio to be more premium and modern,” said Sean Connolly, Conagra CEO, in the release. “These on-trend brands extend our meat snacks and seeds businesses into faster-growing, more premium segments.”
Duke’s products include Duke’s Smoked Shorty Sausages and Duke’s Steak & Brisket Strips. Bigs makes a variety of seed flavors partnering with other brands, like the Tapatio Chile Limon flavor. Thanasi Foods will continue to operate out of Boulder, Colo., according to the news release.
Source: Chicago Tribune
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
