Plus   Neg

Conagra Brands To Sell DSD Snacks Business To Utz Quality Foods

Food company Conagra Brands Inc. (CAG) said Wednesday it signed a definitive agreement to sell its Direct Store Delivery, or DSD, snacks business to privately held, salty snack company Utz Quality Foods, LLC. Financial terms were not disclosed.

The sale comprises Tim's Cascade Snacks, Hawaiian Snacks, Erin's, Snyder of Berlin and Husman's brands. The sale is subject to customary closing conditions and is expected to be complete before the end of the calendar year.

Conagra Brands purchased the DSD snacks business in October 2018 as part of its acquisition of Pinnacle Foods.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Textron Specialized Vehicles recalled 20,573 units of Gas-powered E-Z-GO, Cushman and Tracker brand off-road vehicles for possible fire hazard, a statement by the U.S. Consumer Product Safety Commission said. The company said starter generator wire can be improperly secured, allowing it to come into contact with the vehicle's exhaust that could cause a fire hazard. Delta Air Lines Inc. said Friday that it will invest $1 billion over the next decade to mitigate all greenhouse gas emissions from its global business, starting March 1, 2020. The company intends to become the first airline in the world to go carbon neutral. The airline said that over the next decade, it will spend $1 billion to drive innovation and advance clean-air travel technologies. Crown Castle International Corp. (REIT) (CCI) is currently gaining over 1% on Friday morning. Early this week, a U.S. District judge ruled in favor of Sprint and T-Mobile's long-pending $26 billion merger deal. The judge dismissed a lawsuit brought by a group of State Attorneys General. The deal is...
Follow RTT