(ConAgraFoods.com)

ConAgra names activist investor nominees to board

Reuters — ConAgra Foods said it would add two directors, including a former Nestle executive nominated by Jana Partners, three weeks after the activist investor took a stake in the food processing company and called for changes. ConAgra will appoint former Nestle USA CEO Bradley Alford and former Walgreens Boots Alliance CFO Timothy McLevish to

(ConAgraFoods.com)

ConAgra turns to Centerview again for advice on Ralcorp

Reuters — ConAgra Foods has hired Centerview Partners to explore a sale of its private label unit Ralcorp, just two years after it acquired the troubled business with advice from the same investment bank, people familiar with the matter said. The maker of Chef Boyardee and Slim Jim snacks, which last month announced it would


(ConAgraFoods.com)

ConAgra Foods to exit struggling private label business

Reuters — ConAgra Foods, the maker of Slim Jim beef jerky and Chef Boyardee pasta, said it planned to exit its struggling private label foods business as it seeks to boost profit margins and focus on its faster growing consumer foods segment. ConAgra CEO Sean Connolly, who joined in April, said on the company’s earnings

ConAgra reports better-than-expected profit

Reuters — ConAgra Foods, the maker of Slim Jim beef jerky and Chef Boyardee pasta, reported a higher-than-expected quarterly profit due to cost cuts and the company raised its full-year earnings forecast. ConAgra, like other processed food companies, has been cutting costs as consumers shift to foods that are perceived as healthier, such as organic


A Diamond Food’s Pop Secret microwave popcorn box is seen illustrated in New York, November 8, 2013. The U.S. Food and Drug Administration November 7, 2013 proposed banning artificial trans fats in processed food ranging from cookies to frozen pizza, citing the risk of heart disease.  
photo: REUTERS/Shannon Stapleton

Popcorn makers could face long, expensive road to lose trans fats

Microwave popcorn makers could face a long and difficult task ridding their snacks of trans fats, if a U.S. Food and Drug Administration proposal to ban the additives goes into effect. Just ask Orville Redenbacher. Redenbacher’s, a division of ConAgra Foods Inc., spent six years changing its leading line of popcorn, company scientists said Nov.