Post Holdings reportedly held talks with ConAgra Foods over a possible merger with the Chef Boyardee’s potato business, Lamb Weston

According to a report in The Wall Street Journal, a potential merger of cereal-to-egg group Post and Lamb Weston could value the potato processor at around US$6m. Citing an unnamed source, the newspaper reported the talks stalled but could potentially be re-opened. 

ConAgra, which owns brands from Hunt’s ketchup to Banquet meals, has been reshaping its business to focus on its consumer-facing operations. Last year, ConAgra sold off its private-label business to TreeHouse Foods for $2.7bn. The company then announced plans to split its branded consumer businesses and its potato products arm Lamb Weston into two units.  

Representatives for Post and ConAgra were not available for comment at time of press. 

Shares in Post closed up 3.63% at $77.14 yesterday (21 June), while shares in ConAgra also edged up, rising 0.81% to close at $47.46. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.