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Press

Bonduelle announces agreement to acquire from Conagra Del Monte processed fruit and vegetable business in Canada

Bonduelle would like to announce it has signed an agreement with Conagra Brands Inc. (NYSE: CAG) to acquire its Del Monte processed fruit and vegetable business in Canada.

The acquisition includes the right to use the Del Monte brand on different segments of processed fruits and vegetables and stocks of products marketed by Conagra for a total value of $43 million Canadian. The acquired business excludes all industrial and personnel assets because co-packers and Bonduelle’s existing production capabilities will be used.

This transaction will become final after suspensive conditions are lifted before the end of May 2018.

Conagra’s Del Monte business in Canada, with revenues of approximately $60 million Canadian, will complement Bonduelle Americas Long Life business unit’s canned and frozen vegetable business, which is largely conducted under retailer’s store brands. This highlights the group’s desired development in brand activities and expansion beyond vegetables to vegetable products.

Download the press release

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