Full Description

ConAgra Foods, Inc. (ConAgra Foods), incorporated in 1919, is food company supplying potato, other vegetable, spice and grain products to a variety of restaurants, foodservice operators and commercial customers. The Company operates in two segments: Consumer Foods and Commercial Foods. The Consumer Foods segment includes branded and private label food products, which are sold in various retail and foodservice channels, principally in North America. The Commercial Foods segment includes commercially branded foods and ingredients. On August 1, 2008, ConAgra Foods acquired Saroni Sugar & Rice, Inc., a distribution company. On September 22, 2008, it acquired a 49.99% interest in Lamb Weston BSW, LLC (Lamb Weston BSW). In June 2009, the Company completed the divestiture of the Fernando’s foodservice brand.

Consumer Foods

The products of the Consumer Foods segment include a variety of categories (meals, entrees, condiments, sides, snacks and desserts) across frozen, refrigerated and shelf-stable temperature classes. The segment comprises five subsegments: Grocery Foods North America, Frozen Foods, Snacks and Store Brands, Enabler Brands and Domestic Export. Grocery Foods North America includes branded and private label refrigerated or shelf-stable food products that are sold in various retail and foodservice channels primarily across the United States. Major brands include Angela Mia, Chef Boyardee, Egg Beaters, Healthy Choice Fresh Mixers, Hebrew National, Hunt’s, Manwich, PAM, Peter Pan, Snack Pack, Reddi-wip, Rosarita, Ro*Tel, Swiss Miss and Van Camp’s. The segment also includes the consumer foods businesses in Mexico and Canada, which distribute packaged foods that are both locally manufactured and imported from the United States. Frozen Foods includes branded and private label frozen food products that are sold in various retail and foodservice channels across the United States. Major brands include Alexia, Banquet, Healthy Choice, Kid Cuisine and Marie Callender’s. Snacks and Store Brands includes branded popcorn, meats, seeds, and specialty snacks, as well as private label food products that are sold in various retail and foodservice channels across the United States. Major brands include ACT II, DAVID, Orville Redenbacher’s and Slim Jim. Enabler Brands includes national and regional branded food products across shelf-stable, refrigerated and frozen temperature classes. Products are sold in various retail and foodservice channels across the United States. Major brands include Blue Bonnet, La Choy, Libby’s, The Max, Parkay and Wesson. Domestic Export includes branded shelf-stable food products sold through distributors in various markets worldwide.

Commercial Foods

The Commercial Foods segment includes commercially branded foods and ingredients, which are sold principally to foodservice, food manufacturing, and industrial customers. The segment’s primary products include specialty potato products, milled grain ingredients, a variety of vegetable products, seasonings, blends and flavors, which are sold under brands, such as ConAgra Mills, Lamb Weston, Gilroy Foods & Flavors and Spicetec.