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ConAgra Foods Buys National Pretzel

ConAgra Foods Inc. has completed its acquisition of National Pretzel Co. from Brookstone Holdings. Terms of the deal, originally announced in last month, were not released. National Pretzel is based in Lancaster, Penn.

PRESS RELEASE
ConAgra Foods, Inc. (NYSE:CAG) announced today that it has completed its acquisition of National Pretzel Company, based in Lancaster, Pa., from Brookstone Holdings. The company announced its agreement to acquire National Pretzel on Nov. 11. Financial terms were not disclosed.

ConAgra Foods has acquired all assets of National Pretzel, including the HK Anderson and Shultz labels, as well as three bakeries located in Lancaster, Pa., Hanover, Pa. and Visalia, Calif. More than 700 National Pretzel employees officially joined ConAgra Foods today.

About ConAgra Foods

ConAgra Foods, Inc., (NYSE: CAG), is one of North America’s leading food companies, with brands in 97 percent of America’s households. Consumers find Banquet, Chef Boyardee, Egg Beaters, Hebrew National, Hunt’s, Marie Callender’s, Orville Redenbacher’s, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack and many other ConAgra Foods brands in grocery, convenience, mass merchandise and club stores. ConAgra Foods also has a strong business-to-business presence, supplying frozen potato and sweet potato products as well as other vegetable, spice and grain products to a variety of well-known restaurants, foodservice operators and commercial customers.