Conagra completes divestiture of snacks biz to Utz Quality Foods

Following the transaction, Conagra Brands has a $2 billion snacking portfolio

Conagra Brands, Inc. (CAG) announced that it has completed the divestiture of the portion of its snacks business that operates under a Direct-Store-Delivery (DSD) model to Utz Quality Foods, LLC.

The brands included in the sale are Tim’s® Cascade Snacks, Hawaiian® Snacks, Erin’s®, El Restaurante®, Snyder® of Berlin, Pop-N-Thin® and Husman’s®.

Financial terms were not disclosed.

Snacking will continue to be a critical part of Conagra’s overall growth strategy. Following the transaction, Conagra Brands has a $2 billion snacking portfolio, with both large, iconic brands and fast-growing, emerging brands across meat snacks, seeds, popcorn, sweet treat and specialty categories.