Sector News

Conagra to sell DSD snacks business to Utz Quality Foods

September 12, 2019
Food & Drink

Conagra Brands has opted to offload its direct-store-delivery (DSD) snacks business to Utz Quality Foods for an undisclosed sum, as the company aims to prioritise its core business operations.

Conagra Brands acquired the DSD snacks business in 2018 as part of its $10.9 billion acquisition of Pinnacle Foods, and the business includes brands such Tim’s Cascade Snacks, Hawaiian Snacks, Erin’s, Snyder of Berlin and Husman’s.

Sean Connolly, president and chief executive officer of Conagra Brands said: “We continue to reshape our portfolio and focus our resources on priorities that support Conagra’s business strategy and create value for shareholders.

“While Conagra has a large and growing snacks business, we do not currently operate with a DSD model. We believe this business will have more opportunity for growth under Utz, an established DSD operator.”

Dylan Lissette, chief executive officer of Utz added: “We are excited about the opportunity to add these important brands and capabilities to our portfolio.

“These brands bring a strong consumer following and unique craft heritage. Their distribution and manufacturing capabilities, along with their customer relationships, enhance our ability to further grow our brand portfolio further west.”

Last week, Conagra unveiled plans for a new US innovation site to enable the “rapid development” of contemporary, on-trend products, with a particular focus on snack products.

By Martin White

Source: FoodBev

comments closed

Related News

January 22, 2023

Danone unveils plan to cut methane emissions

Food & Drink

The company expects to eliminate 1.2 billion tons carbon dioxide equivalent of methane emissions by the end of the decade. The company says that it already reduced its methane emissions by around 14% between 2018 and 2020.

January 22, 2023

US researchers land US$2.4M to turn food waste into “affordable” bioplastics

Food & Drink

The “first-of-its-kind” pilot project will develop and demonstrate an affordable modular bioprocessing system to produce biodegradable bioplastics from food waste diverted from landfills. The three-year grant will test the scalability and feasibility of the conversion on a national and global scale.

January 22, 2023

Arkeon partners with ICL to transform CO2 into proteins

Food & Drink

Arkeon is allying with specialty mineral giant ICL to support the scaling of its fermentation bioprocess that converts CO2 into the 20 proteinogenic essential amino acids needed in human nutrition. The process, hailed as carbon negative, is based on the use of archaea, a group of microorganisms that naturally feeds off the greenhouse gas.

How can we help you?

We're easy to reach