Conagra grocery product company

Conagra brands headquarters

It also operates in China, Japan, the Netherlands and Singapore. The other 50 percent of Swift was acquired in As a result, ConAgra and others in the Coalition met with Walmart the largest food retailer in the U. Results for fiscal highlighted the shift in focus that the divestiture spree was engendering: More than 80 percent of revenues was derived from branded packaged foods that year, compared to the more than 50 percent of sales that had come from fresh meat and other commodities in Several more divestitures followed in Charles Harper, the chief executive of Conagra at the time, requested that the city of Omaha demolish a historic site, one of the largest on the National Register of Historic Places. ConAgra expanded into fish as well as poultry in the s with investments in catfish aquaculture.

World-Herald, May 20,p. Miller, James P.

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The other 50 percent of Swift was acquired in The company's stringent financial goals were being met: return on equity averaged 20 percent, annual growth in trend-line earnings were over 14 percent, and long-term debt was held to below 35 percent of total capitalization. The Beatrice purchase gave ConAgra a broader portfolio of products and provided a strong sales and distribution system in the "dry goods" segment. In an attempt to counter the cyclical profit pattern of basic agricultural commodities, Harper also entered areas that did not mesh well with the company's traditional orientation: pet accessories, a Mexican restaurant chain, and a fabrics and crafts chain, among others. The demolition made room for a sprawling new corporate campus and headquarters, and prompted protests and lawsuits from historic preservationists. This was the second largest meat recall in U. Omaha's then-planning director, Marty Shukert, said it was more important to keep the city's downtown core healthy than to keep the historic district. The Dinner Classics line was hurt by price competition and the introduction of new brands of premium frozen dinners. Health-conscious consumers began eating less beef in the late s and ConAgra responded by working to create new, leaner beef products as it developed new poultry products. The recalled pot pies included all varieties in 7-oz. Two years later ConAgra agreed to plead guilty to a felony charge of wire fraud as well as misdemeanor charges of misgrading crops and adding water to grain in a federal case involving ConAgra's Peavey grain elevators in Indiana. World-Herald, May 20, , p. At the time of the recall, the USDA had still not identified the source of the Salmonella contamination. Miller, Inc.

Infor example, the company introduced Banquet Crock-Pot Classics, frozen meat and vegetable meals designed for slow-cooking in Crock-Pots. In ConAgra bought the Peavey Company, a Minneapolis-based flour miller and grain trader, giving it ConAgra Grocery Products Company et al.

conagra brands stock

Two years later ConAgra agreed to plead guilty to a felony charge of wire fraud as well as misdemeanor charges of misgrading crops and adding water to grain in a federal case involving ConAgra's Peavey grain elevators in Indiana. On the home front, ConAgra made its first foray into the kosher foods business with the purchase of National Foods and also entered the private label consumer products market with the acquisition of Arrow Industries, a clothing manufacturer.

World-Herald, October 20,p. Paul's Kitchens, Gorton's, and Van de Kamp's.

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Conagra Brands Inc (CAG) Company Profile