ConAgra Foods Becomes Conagra Brands

The company has completed its spin-off of the Lamb Weston business.

November 14, 2016

CHICAGO – Conagra Brands, Inc., formerly known as ConAgra Foods, Inc., has completed the previously announced separation of its Lamb Weston business. The company’s name change has also become effective.

“This marks an exciting new chapter for Conagra. We are now a pure-play company with a renewed focus on capturing growth and driving shareholder value,” said Sean Connolly, president and CEO, in a press release. “This has been a time of tremendous change and I want to thank all of our employees for their efforts and determination during this transformation.”

For the first time in Conagra’s history, the company will be a singularly focused, consumer-branded food company. The company name change to Conagra Brands reflects this new direction and streamlined focus. Conagra Brands’ annualized net sales are expected to approximate $8 billion.

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