ConAgra Foods has already acquired the nation's biggest manufacturer of store-brand food, with its 2013 Ralcorp Holdings deal, but the Omaha-based manufacturer isn't finished, its chief executive officer Gary Rodkin said.
In a Tuesday presentation to the Consumer Analyst Group of New York, Rodkin said ConAgra plans to make more acquisitions once it has paid down its debt.
"Our long-term plan is to continue to look to make smart consolidation moves in an industry that is extremely fragmented," he said. "There are many, many smaller companies out there and we believe once we get past this period we'll be back in that game."
He said those opportunities will come "beyond the next 18 to 24 months."
ConAgra said private brands will make up 24 percent of its estimated $18 billion in fiscal 2014 sales.