Conagra Brands Inc. Takes Strategic Step with $55 Million Divestiture

Conagra Brands Inc. has made a significant move to divest its Van de Kamp and Mrs. Paul’s frozen seafood brands to High Liner Foods, a deal valued at $55 million in cash. This strategic decision is expected to have a positive impact on the company’s financials, allowing it to reduce its debt burden and realign resources towards its core business.

The sale, which is set to close by July, includes related intellectual property and inventory, but excludes employees and facilities. This carefully crafted approach enables Conagra Brands Inc. to maintain a seamless transition while streamlining its operations.

This move is seen as a key step in Conagra Brands Inc.’s efforts to optimize its portfolio and focus on high-growth areas. By divesting non-core assets, the company is able to:

• Reduce debt and improve its financial flexibility
• Allocate resources towards more strategic initiatives
• Enhance its overall competitiveness in the market

The divestiture of Van de Kamp and Mrs. Paul’s frozen seafood brands is a testament to Conagra Brands Inc.’s commitment to strategic decision-making and its ability to adapt in a rapidly changing market. As the company continues to navigate its growth trajectory, this move is expected to have a lasting impact on its financial performance and market position.