Conagra Brands completes acquisition of Thanasi Foods (Duke's meat snacks and BIGS seeds)

Conagra Brands announced tthe completion of the acquisition of Thanasi Foods LLC (Thanasi), maker of Duke's® meat snacks and BIGS LLC (BIGS), maker of BIGS® seeds

April 24, 2017

Source

Conagra Brands

Today Conagra Brands, Inc. (NYSE: CAG) announced that it has completed the acquisition of protein-based snacking businesses Thanasi Foods LLC, maker of Duke's® meat snacks, and BIGS LLC, maker of BIGS® seeds (collectively, Thanasi). The definitive agreement to acquire Thanasi was announced on March 16, 2017.

Financial terms were not disclosed.

Sean Connolly, president and chief executive officer of Conagra Brands:

“The addition of Duke's and BIGS is another move to reshape Conagra's portfolio to be more premium and modern.”

“"We welcome the Thanasi team to Conagra and look forward to working together to grow the brands.”

The Duke's and BIGS brands will continue operating out of Boulder, Colorado.