USA: ConAgra to sell low-profit meatpacking business
US meat processor ConAgra Foods is to sell off its meatpacking business as part of its plan to revitalise ConAgra by shifting its focus to big brands and value-added goods. A deal to sell 54% of the meatpacking business to Hicks, Muse, Tate and Furst and Booth Creek Management was delayed when ConAgra Beef had to recall nearly 19m pounds of ground beef after an E.coli contamination at one of its plants.
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