History Conagra Brands

the previous conagra brands logo, used until june 2009.

in 1971, nebraska consolidated mills changed name conagra , portmanteau of con consolidated , agra, short in english agriculture. 1970s brought company brink of ruin lost money expanding fertilizer, catfish, , pet product industries , commodity speculation wiped out conagra s margins on raw foods. in 1974, c. michael mike harper, experienced food industry executive, took on firm , brought brink of bankruptcy. nonetheless, conagra s business model left vulnerable volatile commodity prices. in response, company set off on two-decade-long buying spree, purchasing on 1 hundred prepared food brands, starting 1980 purchase of banquet foods. moved heavily frozen food business , packaged meat industry, , picked selection of other brands firms rjr nabisco , beatrice foods among others, leveraged buyouts of 1980s resulted in divestiture or breakup of many major american consumer product firms. in 1993 alone purchased $500 million in smaller firms, , in 1998 purchased $480 million in brands nabisco.

conagra brands former headquarters in omaha, nebraska.

on may 23, 2001, conagra foods inc (the predecessor conagra brands) said restate earnings 1998, 1999 , 2000, due accounting , conduct matters @ united agri products cos unit. fiscal 1998, revenues cut $24.27 billion $24.19 billion.

on march 24, 2005, conagra foods inc (the predecessor conagra brands) said results fiscal 2003 , 2004 restated reflect reduction in after-tax profits of $150 million $200 million in total.

on november 27, 2012, conagra officials announced company purchasing ralcorp, pending ralcorp shareholder approval, approximately $4.95 billion. stockholders of ralcorp holdings inc. receive $90 per share. deal completed in january 2013 , made conagra largest private-label packaged food business in united states.

on october 1, 2015, conagra announced cut 1,500 jobs , relocate headquarters chicago part of restructuring plan.

the move of headquarters omaha chicago completed in late june 2016 opening of new hq @ merchandise mart building. first time since 1922 conagra has not been headquartered in omaha , first time in company s history, dating 1919 founding, headquarters not in state of nebraska.

lamb weston spin off

on july 14, 2014, conagra announced had acquired taimei potato industry limited, potato processor in shangdu, inner mongolia. acquisition expands conagra foods’ lamb weston operations in market has growing demand frozen potato products.

on november 18, 2015, conagra announced spinning off lamb weston division separate company based in kennewick, washington. announced conagra foods renamed conagra brands when moved hq chicago in 2016. thomas werner (unrelated television producer , boston red sox owner) , timothy mclevish named executive , executive chairman.

the lamb weston (nyse: lw) spinoff completed on november 9, 2016, new company headquartered in suburbs of boise, idaho, major manufacturing facilities in oregon , washington. @ same time, conagra foods changed name conagra brands, complete brand new logo.

angie s acquisition

on september 22, 2017, conagra announced acquiring angie s artisan treats, maker of angie s boomchickapop popcorn. deal expected close end of year.