US private-label salty snack producer Shearer’s Foods has acquired Medallion Foods from ConAgra Foods in a US$33.5m deal.

Medallion manufactures value-brand and private-label corn-based snacks, including tortilla chips, corn chips and extruded corn products.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

In an email to just-food today (22 April), a spokesperson for ConAgra said: “Although ConAgra Foods believes strongly in the salty snacks category, the Medallion Foods business was not large enough within ConAgra Foods to command the resources it needed to grow – particularly in light of the current focus on the broader Ralcorp integration. As a result, ConAgra Foods believes the Medallion Foods business will have more value under a more focused owner.”

ConAgra purchased Medallion as part of its acquisition of private-label group Ralcorp Holdings, which closed last year.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now