US: ConAgra facility investment to underpin brand growth
ConAgra Foods has said a US$100m investment in expanding production at its manufacturing facility in Arkansas will support growth of its Bertolli and PF Chang's brands.
The company announced earlier this week (24 September) that it will increase production capacity at the plant in Russellville in order to manufacture the Bertolli and PF Chang's brands, which it acquired from Unilever earlier this year. The move will create more than 80 jobs, ConAgra said.
A spokesperson for ConAgra told just-food the transition of Bertolli and PF Chang's production to the facility was part of the group's $265m acquisition of the brands from Unilever. The deal did not include the manufacturing facility in Owensboro in Kentucky, where Unilever produced the Bertolli and PF Chang's frozen meals.
The investment in the Russellville facility will therefore underpin ConAgra's plans to grow the brands. "We intend to grow these brands through our extensive frozen food expertise and innovation capabilities," the spokesperson said.
Heinz stunned the global food industry with news it had agreed to a US$28bn takeover offer from Warren Buffett's Berkshire Hathaway fund and private-equity firm 3G Capital - purported to be the larges...
Jobs within Unilever's European business could go as the consumer goods giant restructures its brand development in the region....
ConAgra Foods, Cargill and CHS are to form a joint venture combining their flour milling capabilities in the US....
- Mondelez results and outlook - 7 things to learn
- just-food's pick: Innovation on show at ISM 2016
- Can dairy-free Flora lift Unilever spreads sales?
- Talking shop: Wal-Mart overhaul, Lidl's US charge
- Can Yildiz's new snacks unit match its ambitions?
- Mondelez continues to see margins up, sales mixed
- Arla eyes job cuts as part of 2020 growth push
- Unilever launches dairy-free Ben & Jerry's in US
- Chobani targets growth after rejecting offers
- Premier Foods launches "first" American wet sauces