US EditionConagra Brands Enters Into a Definitive Agreement with High Liner Foods to Divest the Van De Kamp's® and Mrs. Paul's® Brands
- On June 6, 2025, Conagra Brands disclosed a definitive deal to transfer ownership of its Van de Kamp's and Mrs. Paul's frozen seafood lines to High Liner Foods in exchange for $55 million in cash.
- Conagra decided to divest these brands to focus on its core frozen offerings and reshape its portfolio, reflecting strategic business priorities.
- Van de Kamp's and Mrs. Paul's brands accounted for roughly $75 million in sales for Conagra during its 2024 fiscal year, with the sale agreement excluding both employees and production plants.
- Conagra's CEO Sean Connolly said this divestiture shows commitment to investing where growth opportunities exist, and High Liner's CEO Paul Jewer called the deal a strategic and compelling opportunity.
- The deal is anticipated to finalize by late July 2025, with the funds from the sale designated for debt reduction and a projected negative impact of one cent on adjusted earnings per share for fiscal 2026.
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Sask Today+10 Reposted by 10 other sources
High Liner buying Mrs. Paul's and Van de Kamp's brands from Conagra for US$55M
LUNENBURG — Frozen seafood company High Liner Foods Inc. has signed a deal to buy the Mrs. Paul's and Van de Kamp's brands of frozen breaded and battered fish from Conagra Brands for US$55 million in cash.
Sweetwater Reporter+10 Reposted by 10 other sources
Conagra Brands Enters Into a Definitive Agreement with High Liner Foods to Divest the Van de Kamp's® and Mrs. Paul's® Brands
Divestiture Supports Conagra's Efforts to Reshape its Portfolio
·Sweetwater, United States
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Nova Scotia's frozen seafood producer Food High Liner has signed an agreement for the acquisition of the frozen breaded and frozen frying fish brands Mrs. Paul's and Van de Kamp's from Conagra Brands for US$55 million.
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