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Article: ConAgra Foods to Divest United Agri Products; Accomplishes Strategic Focus on Branded and Value-Added Food Business.
- Article from:
- PR Newswire
- Article date:
- October 30, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Today ConAgra Foods, Inc. , one of America's leading packaged food companies, announced that it has reached an agreement to sell United Agri Products (UAP), its U.S. and Canadian crop inputs business. Apollo Management, L.P. will purchase the business in a transaction expected to close before December 31, 2003. This divestiture by ConAgra Foods, the sixth since September 2002 of primarily commodity businesses, underscores a strategic shift in the company's mix of businesses and brands, which is part of a planned program to build its branded and value-added food business.
Since September 2002 major divestitures completed or announced by ConAgra Foods include its ...