Frozen foodservice and contract food processor Overhill Farms Inc., Los Angeles, released second quarter earnings last Friday and noted that "the company is in discussions regarding a significant potential acquisition and has retained BofA Merrill Lynch."
After it was rebuffed in private discussions, ConAgra went public to say it would like to buy Ralcorp for $86 per share in cash, or approximately $4.9 billion, plus the assumption of $2.5 billion in debt.
Supermarket retailing giant The Kroger Co., Cincinnati, said it recognized several key supplier partners for "exceptional contributions" to Kroger's private label business.
Refrigerated and frozen foods earned several honors in the National Restaurant Association's (NRA) first annual "Food & Beverage Product Innovations Awards" contest.
Frozen bakery and snacks leader J&J Snack Food Corp., Pennsauken, N.J., said it expects by the end of this May to buy ConAgra Foods' frozen hand-held products business.
Paperboard packaging supplier MeadWestvaco Corp. (MWV), Richmond, Va., said it hired ConAgra frozen food veteran Diane Teer as president of MeadWestvaco's Food packaging business.