The board of directors are: Mogens C. Bay, Stephen G. Butler, Steven F. Goldstone, Joie A. Gregor, Rajive Johri, W. G. Jurgensen, Richard H. Lenny, Ruth Ann Marshall, Gary M. Rodkin, Andrew J. Schindler, and Kenneth E. Conagra Brands Foundation Sets 1.5 Million Meals Goal for Holiday Campaign. [30], In 1988, Conagra threatened to relocate from Omaha to Denver, Chicago or Minneapolis if the city didn't help find a new location for its headquarters. Ten local governments in California filed the suit and the court ordered Conagra, NL Industries and Sherwin-Williams to pay $1.15 billion to remove or abate the lead in homes located in those cities and counties. In May 2015, the company agreed to plead guilty releasing products tainted with Salmonella into interstate commerce. Subsidiaries to Conagra Brands include California Pretzel Co., Odom's Tennessee Pride Sausage, and Elan Nutrition. [43] By October 14, 174 cases of Salmonella poisoning in 32 states were linked to consumption of the contaminated ConAgra pot pies, with 33 people hospitalized. Search. In response, the company set off on a two-decade-long buying spree, purchasing over one hundred prepared food brands, starting with its 1980 purchase of Banquet Foods. Conagra Brands is a packaged food company that operates predominantly in the United States (92% of revenue and 94% of profits). [48], Partnership with Feeding America against child hunger, Learn how and when to remove this template message, Centers for Disease Control and Prevention, Flavor and Extract Manufacturers Association, Explosion at ConAgra plant in North Carolina, multiple injuries, Impact of the 2019–20 coronavirus pandemic on the meat industry in the United States, "Conagra Brands, Inc. 2017 Annual Report (Form 10-K)", "ConAgra to restate earnings after unit probe", "ConAgra Foods Completes Sale Of Fresh Beef And Pork Business | Conagra Brands", "ConAgra Foods to Sell Refrigerated Meats Businesses to Smithfield Foods for $575 Million; Sale Includes Butterball, Eckrich and Armour Brands", "ConAgra to Cut 1,500 Jobs, Move Headquarters to Chicago", "ConAgra Foods Acquires Chinese Potato Processor TaiMei Potato Industry Limited", "ConAgra Names CEO, Chairman of Potato Business Spinoff", "Conagra Brands completes Lamb Weston spinoff, name change", "Orville Redenbacher's popcorn owner Conagra is acquiring Angie's Boomchickapop", "Conagra Brands Completes Acquisition Of Angie's Artisan Treats, LLC, Maker Of Angie's® BOOMCHICKAPOP® Ready-To-Eat Popcorn, From TPG Growth", "Conagra to buy Pinnacle for $8.1 billion, creating frozen food powerhouse", "Carly Rae Jepsen And Cody Simpson Help Fight Child Hunger", "2006 Corporate Governance and Climate Change: Making the Connection", Voluntary Investigation and Cleanup (VIC) Program, "Sherwin, NL, Conagra Lose $1.1 Billion Lead Paint Ruling", "The People v. ConAgra Grocery Products Company et al", "ConAgra to Pay to Settle Disability Lawsuit", "Beef Processor's Parent No Stranger to Troubles", "KCK meatpacking plant shooting kills several", "Conagra Set to Settle Criminal Charges It Increased Weight and Value of Grain", "The Top 100 Corporate Criminals of the 1990s", "Food industry campaigns against Oregon labeling proposal", "Responsible Shopper Profile: Conagra Foods", "Who's Funding Prop 37, Labeling for Genetically Engineered Foods? [37], Since Peter Pan (but not Great Value) is only made at one plant, the recall included all Peter Pan jars sold in the U.S. between May 2006 and February 2007. In comparison, the salaries at California Pretzel Co., Odom's Tennessee Pride Sausage, and Elan Nutrition are $45,384, $44,454, and $42,767. Search. In 1971, Nebraska Consolidated Mills changed its name to "ConAgra", a portmanteau of con for consolidated and agra, similarly short in English for agriculture. Earnings are forecast to grow 5.81% per year. Companies in the report were evaluated on a 0 to 100 scale. This venture was very successful, leading the company to its current place as the third largest flour miller in the U.S. [4], On March 24, 2005, ConAgra Foods, Inc. (the predecessor to Conagra Brands) said the results for fiscal 2003 and 2004 would be restated to reflect a reduction in after-tax profits of $150 million to $200 million in total. Conagra Brands is an Affirmative Action and Equal Opportunity Employer. Rewards. Learn More. [12], The Lamb Weston (NYSE: LW) spinoff was completed on November 9, 2016, with the new company headquartered in the suburbs of Boise, Idaho, with major manufacturing facilities in Oregon and Washington. The headquarters were moved to Omaha in 1922. Companies in the report were evaluated on a 0 to 100 scale. The charges involved a July 1999 Teamsters strike at a plant in King City, California, then owned by Basic Vegetable Products LP but later purchased by ConAgra. This information is available in the PitchBook Platform. After researching new uses for its flour, NCM funded the establishment of the Duncan Hines brand of cake mixes in 1951 as a way to market more flour. In 1993 alone it purchased $500 million in smaller firms, and in 1998 it purchased another $480 million in brands from Nabisco. Lender's Bagel business sold to Bimbo Bakeries USA, Inc., a subsidiary of Grupo Bimbo S.A.B. Conagra Brands, together with its subsidiaries, operates as a consumer packaged goods food company in North America. As American households purchased more and more prepared and instant foods in the 1950s and 1960s, NCM chose not to expand into the businesses that used its flour, instead turning in the opposite direction and focusing more on raw foods like poultry and expanding its livestock feed business. [35], Conagra recalled 19 million pounds of ground beef in July 2002 with E. coli bacterial contamination. in the California 6th Appellate District Court on November 14, 2017 is that .mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}, ... the judgment is reversed, and the matter is remanded to the trial court with directions to (1) recalculate the amount of the abatement fund to limit it to the amount necessary to cover the cost of remediating pre-1951 homes, and (2) hold an evidentiary hearing regarding the appointment of a suitable receiver. In a 2009 … The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. Conagra Brands, together with its subsidiaries, operates as a food company in North America. [8], On November 27, 2012, Conagra officials announced the company was purchasing Ralcorp, pending Ralcorp shareholder approval, for approximately $4.95 billion. On October 1, 2015, Conagra announced that it would cut about 1,500 jobs and relocate its headquarters to Chicago as part of a restructuring plan. ", "Genetic Changes to Food May Get Uniform Labeling", "Parents of Sickened Children Ask for Tighter Rules on Food", "ConAgra faces 39 suits over bad peanut butter", "Judge Wants a Thorough Search for Consumers Sickened by Peter Pan Peanut Butter", "ConAgra inches closer to sentencing for Peter Pan outbreak", "ConAgra to drop popcorn chemical linked to lung ailment", "ConAgra asks stores to quit selling pies", "ConAgra closes pot pie plant out of Salmonella concerns", "Critics say ConAgra Foods mishandled pot pie recall, incident shows food safety system's flaws", "Multistate Outbreak of Salmonella Infections Associated with Frozen Pot Pies --- United States, 2007", "ConAgra explosion to prompt safety recommendations", "Statement of CSB Chairman Rafael Moure-Eraso Applauding the International Code Council for Emergency Amendment to Prohibit Indoor Purging", Companies in the Chicago metropolitan area, https://en.wikipedia.org/w/index.php?title=Conagra_Brands&oldid=993592897, Companies listed on the New York Stock Exchange, Food and drink companies established in 1919, Pages with non-numeric formatnum arguments, Articles needing additional references from February 2020, All articles needing additional references, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 11 December 2020, at 12:18. [46] This explosion was directly responsible for an amendment to the National Fuel Gas Code prohibiting fuel gas piping systems in large buildings from being purged indoors. Home; News. That meat was linked to the illnesses of 19 people in six Western and Midwestern states. 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 company's operations generated $1.8 billion. Risk Analysis. Earnings grew by 45.5% over the past year. Thomas Werner (unrelated to the television producer and Boston Red Sox owner) and Timothy McLevish were named executive and executive chairman. The Jobbers Canyon district was adjacent to another historic district, the Old Market, which has proved to be an important center of cultural, tourist, and residential development in Omaha. At the time of the recall, the USDA had still not identified the source of the Salmonella contamination. Conagra Brands has 16,500 employees across 55 locations and $11.05 B in annual revenue in FY 2020. Of those, 20% were hospitalized, according to the CDC, which reported no deaths associated with the outbreak. Stockholders of Ralcorp Holdings, Inc. would receive $90 per share. Conagra Brands does not warrant and specifically disclaims any and all responsibility or liability for your use of such sites and you hereby release Conagra Brands and its subsidiaries, affiliates, officers, directors and agents from any and all such responsibility or liability for the same. It has a significant presence in the freezer aisle, with brands such as Marie Callender's, Healthy Choice, Banquet, and Birds Eye. PitchBook is a financial technology company that provides data on the capital markets. ConAgra scored a total of 4 points, the lowest of any of the food companies rated. Throughout 2012, ConAgra contributed $1,176,700 to a $46 million political campaign known as the Coalition Against the Costly Food Labeling Proposition, sponsored by food producers. Importantly, the combination will also strengthen our ability to support our customers' efforts to build … More Details. The acquisition made ConAgra is the largest private-label packaged food business in the United States at that time. Harper had described the structures as "some big, ugly red brick buildings."[31]. This acquisition expands ConAgra Foods' Lamb Weston operations in a market that has growing demand for frozen potato products. Conagra Brands is a packaged food company that operates predominantly in the United States (92% of revenue and 94% of profits). [41] However, the plant in Marshall, Missouri, where the pot pies were manufactured closed on October 11 as well. Sentencing was delayed by U.S. District Court Judge W. Louis Sands, who ordered nationwide newspaper advertisements searching for victims of the outbreak so the government could supply Victim Impact Statements for inclusion in the pre-sentence report. On May 23, 2001, ConAgra Foods, Inc., (the predecessor to Conagra Brands) said it would restate its earnings for 1998, 1999 and 2000, due to accounting and conduct matters at its United Agri Products Cos. unit. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, Foodservice, and Pinnacle Foods segments. © 2020 PitchBook Data. [32] According to the Oregon Secretary of State, ConAgra contributed $71,000 to the campaign to defeat the state ballot initiative.[33]. [21] This voluntary program offers "future liability protection". Conagra's cash on hand grew $316.7 million during 2020, ending the year at $554.3 million. PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. [3] Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Executives: Chrmn: Steven Goldstone; Pres/CEO: Sean M. Connolly; EVP & CFO: David Marberger; EVP, General Counsel and Corporate Secretary: Colleen R. Batcheler; EVP & Chief Supply Chain Officer: David Biegger; EVP & Co-Chief Operating Officer: Thomas M. McGough; EVP & Co-Chief … Chang's, Chef Boyardee, Home Menu and Bertolli ready meals. [36], In February 2007, Conagra recalled jars of Peter Pan and Great Value brand peanut butter with the product code "2111" on the lid, because they were linked to a Salmonella outbreak. Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company in North America. Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America. The nonprofit ConAgra Foods Foundation has pledged a five-year commitment of $10 million to Feeding America to fight child hunger. Launching more savage products and merchandising vehicles for convenience stores . The company sold its Direct-to-Store Delivery snacks business with net cash proceeds of $137.5 million … ConAgra's annual meeting of stockholders was held on September 23, 1993. Learn more about our portfolio of brands. [40], On October 11, 2007, Conagra asked stores to pull the Banquet and generic brand chicken and turkey pot pies due to 152 cases of Salmonella poisoning in 31 states being linked to the consumption of Conagra pot pies, with 20 people hospitalized. Home; News. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. It was the third-largest recall up to that time. 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