Reported 3 days ago
High Liner Foods, a Canadian seafood company, is set to acquire the Mrs. Paul's and Van de Kamp's brands from Conagra Brands for $55 million, which includes about $36 million in inventory. This deal allows High Liner to fully own these established brands, enhancing its presence in the U.S. retail market. Conagra's decision to divest the brands is part of its strategy to focus on core business segments, especially after reporting a decline in sales and net income.
Source: YAHOO