Conagra Brands Announces Plans To Build New Innovation Center In Chicago

Today Conagra Brands, Inc. (NYSE: CAG) announced plans to build The Conagra Brands Center for Food Design in Chicago at 350 N. Orleans Street, located next to its existing headquarters in The Merchandise Mart.

The new 40,000 square foot innovation center is an expansion of the company's existing state-of-the-art Research & Development and Culinary capabilities and will focus on innovation related to snacking, one of the fastest-growing occasions in food.

The facility will combine culinary, and food and packaging design expertise in a space that enables rapid development of contemporary, on-trend products.

Corey Berends, senior vice president, Research & Development for Conagra Brands:

“Conagra Brands' $2 billion snacks business is one of the largest and fastest growing in the food industry.”

“Our strong snacking portfolio is positioned for long-term growth and we expect the capabilities in this new facility to enable us to create even more innovative products that our consumers will love.”

“The Conagra Brands Center for Food Design in Chicago will be a fresh, collaborative space with state-of-the-art capabilities to provide our talented team with the right resources to help grow Conagra's snacking business.”

“In addition, the expansive kitchen and tasting area will be an ideal place to collaborate with our customers and develop new food solutions.”

The Conagra Brands Center for Food Design in Chicago is scheduled to officially open in the first quarter of calendar year 2020 and will house up to 50 employees, including food and packaging designers and members of the company's culinary team.

Conagra Brands currently has approximately 550 people who work in The Merchandise Mart.

Omaha will also remain the R&D hub for the company's food safety, and technology development teams.