ConAgra Foods Acquires Pita Chip Business from Kangaroo Brands; Terms Not Disclosed
ConAgra Foods, Inc. (NYSE: CAG) announced today that it has acquired Kangaroo Brands' pita chip business. ConAgra Foods' acquisition of the pita chip business is consistent with its strategy to grow its presence in private label foods.
“Pita chips are a high-growth category and a natural fit with ConAgra Foods' private label snacks business,” said Gary Rodkin, chief executive officer of ConAgra Foods. “We are pleased to add another business that further positions us for accelerated growth.”
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.