ConAgra acquires Kangaroo Brands' pita chip business
OMAHA, Neb. — In an effort to grow its presence in private-label foods, ConAgra Foods has acquired the pita chip business of Kangaroo Brands.
The acquisition includes a manufacturing facility located in Milwaukee, Wis., and approximately 50 employees who joined ConAgra Foods from Kangaroo Brands. Kangaroo Brands will continue to own and market its pita bread and frozen sandwiches. Financial terms of the transaction were not disclosed.
"Pita chips are a high-growth category and a natural fit with ConAgra Foods' private-label snacks business," ConAgra CEO Gary Rodkin said. "We are pleased to add another business that further positions us for accelerated growth."