US: ConAgra invests in Bertolli, PF Chang's production
By Katy Askew | 25 September 2012
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ConAgra invests in Bertolli, PF Chang's production capabilities |
ConAgra Foods has announced that it is investing around US$100m in expanding production at its Russellville, Arkansas, production facility for the production of its Bertolli and PF Changs brands.
The move will create more than 80 jobs, the company said yesterday (24 September). The facility already employs around 1,350 people.
ConAgra acquired the Bertolli and PF Changs businesses from Unilever in July. The deal, which valued Unilever's North American frozen food interests at $265m, did not include the manufacturing facility in Owensboro, Kentucky, where Unilever produced the Bertolli and PF Chang's frozen meals.
ConAgra Foods to Expand Operations in Russellville, AR
Expansion due to acquisition of Bertolli® and P.F. Chang's® frozen meals
OMAHA, Neb.--(BUSINESS WIRE)--ConAgra Foods, Inc., (NYSE: CAG) announced today that it is expanding its facility in Russellville, AR to make Bertolli® and P.F. Chang's® frozen meals. The expansion, anticipated to be a $100 million investment, is expected to create more than 80 jobs.
"ConAgra Foods has a long history in Russellville and we are pleased to grow our presence in the area," said Mike Tracy, Senior Vice President of Consumer Foods Supply Chain for ConAgra Foods. "Our dedicated employees, along with the support of the city of Russellville and the state of Arkansas will allow us to make great food here for many years to come."
ConAgra Foods has approximately 1,350 employees in Russellville, AR and has operated in the area since 1965.
ConAgra Foods acquired the Bertolli and P.F. Chang's Home Menu frozen meals businesses earlier this year as part of its growth strategy, which includes growing its core businesses and expanding into strategic adjacencies. ConAgra Foods' presence in the freezer case, includes brands such as Marie Callender's®, Banquet®, Healthy Choice® , Kid Cuisine®, Bertolli® and P.F. Chang's®. The Bertolli and P.F. Chang's brands are used under license.
Original source: ConAgra Foods
Sectors: Frozen
Companies: Bertolli, Unilever, ConAgra Foods
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