Private label and branded foods giant Ralcorp Holdings, Inc., St. Louis, said its board of directors unanimously determined that ConAgra Foods' unsolicited non-binding proposal of $4.9 billion "is not in the best interests of shareholders."
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.
Foodservice distribution giant Sysco Corp., Houston, honored several refrigerated and frozen food processors during Sysco's recent "Super Regional Conference."
Frozen bakery products contributed growth to Ralcorp Holdings Inc.,St. Louis, which reported its sales and earnings for the fourth quarter and fiscal year ended Sept. 30, 2010.
Private label foods giant Ralcorp Holdings, Inc., St. Louis, said it purchased Sepp's Gourmet Foods Ltd., a frozen breakfast foods company based in Delta, B.C., Canada.
Talk about versatility. Ralcorp Frozen Bakery Products’ new Bakery Chef Toaster Biscuits come in three flavors to fit foodservice breakfast, lunch and dinner menus.
Private label foods giant Ralcorp Holdings Inc., St. Louis, said frozen bakery products division President Richard Scalise will resign effective April 3 to pursue other opportunities.