ConAgra Foods Buys Little Rock Plant As Part of Tennessee Pride Deal
by April 18, 2012 7:29 pm 198 views
ConAgra Foods, Inc. has agreed to acquire Odom’s Tennessee Pride, a producer of frozen and refrigerated breakfast sandwiches and sausage.
The agreement includes facilities in Little Rock and Dickson, Tenn., and its headquarters office in Madison, Tenn.
Odom’s Tennessee Pride has approximately 750 employees, annual revenue in excess of $190 million, and is the second largest producer of frozen breakfast sandwiches in the U.S.
Financial terms of the transaction were not disclosed. The deal is expected to close within the next 45 days and is subject to customary closing conditions.
“The acquisition of Odom’s Tennessee Pride will build on our strong position in frozen meals and allow us to leverage our existing innovation, marketing and distribution abilities,” said ConAgra CEO Gary Rodkin. “We are excited to develop our portfolio in the growing breakfast category.”