ConAgra completes sale of Gilroy Foods business
ConAgra completes sale of Gilroy Foods business
ConAgra completes sale of Gilroy Foods business
ConAgra Foods Inc. says it has completed the sale of its Gilroy Foods & Flavors business to Olam International.
Gilroy Foods makes dehydrated and vegetable products, and Omaha-based ConAgra said it had about $300 million in revenue in fiscal 2010. The $250 million deal was announced in June.
In a news release Tuesday, ConAgra said the deal included manufacturing facilities in Gilroy, Hanford and Modesto, Calif.; Fernley, Nev.; Las Cruces, N.M.; and Umatilla, Ore. A warehouse in King City, Calif., was included.
ConAgra is keeping the seasoning blends and flavors business and plant operations in Illinois, New Jersey and Utah related to the Gilroy business.
Olam International is based in Singapore and says it has more than 10,000 customers worldwide.
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