ConAgra eyes future private-brand acquisitions -
Published Wednesday, February 19, 2014 at 8:00 am / Updated at 9:48 am
Money Talks
ConAgra eyes future private-brand acquisitions

In the Money Talks blog, The World-Herald shares the latest in Nebraska business and development, with behind-the-scenes notes from our Money team. Read more and join the conversation.

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.

Contact the writer: Barbara Soderlin    |   402-444-1336

Barbara Soderlin covers food safety, ConAgra, technology and employment/unemployment issues.

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