Great Kitchens Food Company comes under Rich Products' ownership [Yahoo! Finance]
ConAgra Brands, Inc. (CAG)
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Source: Yahoo! Finance
Family-owned Rich Products has bought the pizza maker from private-equity firm Brynwood Partners for an undisclosed sum. Great Kitchens operates out of three manufacturing facilities – two in Illinois located in Romeoville and Chicago Heights, and a third in Brockton, Massachusetts. All of its 1,000 workers will transfer to the new owners. As well as ready-to-bake branded topped pizzas, Great Kitchens is also present in private label. Kevin Spratt, Rich Products' president for the US and Canada, said in a statement: “We're always looking for new ways to enhance our pizza capabilities and this move is a game-changer for the industry. “When you combine Great Kitchens' leadership in fully topped pizzas with our strength in crust and dough, you get a one-stop pizza partner with an unmatched breadth of expertise that will allow us to accelerate growth, drive greater innovation and deliver unique and distinct value to our customers." Great Kitchens expanded in 2023 with the acqui
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News
- Brynwood Partners VIII L.P. to Sell Great Kitchens Food Company to Rich Products Corporation [Yahoo! Finance]Yahoo! Finance
- Morgan Stanley Sees Rising Competitive Pressure Weighing on Conagra (CAG) [Yahoo! Finance]Yahoo! Finance
- Do These 3 Checks Before Buying Conagra Brands, Inc. (NYSE:CAG) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
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