ConAgra completes Gilroy Foods sale
ConAgra announced on Monday that it has completed the sale of its Gilroy Foods and Flavors dehydrated vegetable business to Olam International for $250m.
The company’s seasoning blends and flavors business was not included in the sale, which will remain part of ConAgra Foods’ Commercial Foods reporting segment.
Olam will take ownership of various manufacturing and warehouse facilities in California, Nevada, New Mexico, and Oregon. But ConAgra will maintain ownership of other facilities producing seasoning blends and flavors in Illinois, New Jersey, and Utah.
