ConAgra Foods, Inc., (NYSE: CAG), one of North America’s leading food companies, acquired Artel Inc., a Canadian manufacturer of frozen prepared foods, on Jan. 30, 2001. Terms of the transaction were not disclosed.

Artel Inc., based in Boisbriand, in the Province of Quebec, Canada, manufactures a variety of frozen prepared foods including Pogo, which is the leading corn dog in Canada; Del Maestro, which are frozen wood-fired pizzas; and Yin Yang, which are authentic spring rolls. This acquisition includes the business operations and equipment of Artel Inc. and its affiliates, Del Maestro Foods Inc. in Quebec City and Pablo & Pepe in Laval. Also included are Artel’s manufacturing facilities in Boisbriand. Artel, Del Maestro, and Pablo & Pepe are all located in the Province of Quebec, Canada. The 350 employees will remain with the operations of the companies.

“Artel is one of the fastest growing and well-run food companies in Canada, and we are pleased to have them join the ConAgra Foods family,” said Dean Hollis, President and Chief Operating Officer of ConAgra Frozen Prepared Foods. “Artel’s high quality brands, products and employees will strengthen our presence in Canada and provide us new products, brands and capabilities to expand in the U.S.A., and across North America.”

John P. Geminari, President of Artel Inc., who will continue to lead its operations, noted, “We are very excited to be part of a world-class food organization like ConAgra Foods. We are confident that Artel will be a strong platform for ConAgra Frozen Prepared Foods to further enhance its distribution in Canada, while also leveraging our strong base business with the great frozen food products and brands of ConAgra Foods.”

ConAgra Frozen Prepared Foods, an operating company of ConAgra Foods, Inc., is a leader in frozen food, offering a wide variety of top brands including Healthy Choice, Banquet, Marie Callender’s, Kid Cuisine, La Choy, MaMa Rosa’s, The Max, and Patio.

ConAgra Foods, Inc. (NYSE: CAG) is North America’s largest foodservice manufacturer and second largest retail food supplier, with annualized sales of approximately $27 billion. ConAgra Foods’ consumer brands include: Hunt’s tomato products, Healthy Choice, Banquet, Armour, Bumble Bee, Louis Kemp, La Choy, Wesson, Country Pride, Blue Bonnet, Kid Cuisine, Parkay, Reddi-wip, Marie Callender’s, Cook’s, Swift Premium, Butterball, ACT II, Slim Jim, Decker, Chef Boyardee, Orville Redenbacher’s, PAM Cooking Spray, Snack Pack, Van Camp’s, Peter Pan, Hebrew National, and Swiss Miss. For more information, please visit us at www.conagrafoods.com.