Trade Pinnacle

Consumer Foods, Inc., is a packaged food company based in Parsippany, New Jersey, which specializes in ready-made foods and frozen shelf. The company became a subsidiary of Conagra Brands on October 26, 2018. company was founded in 1998 as Vlasic International Foods, get swanson TV dinner, open pit and brands vlasic pickles from Campbell Soup Company. in 2007, Pinkel Foods was acquired by Blackstone Group, a New York City-based private equity firm. In 2013, Pinkel Foods' Office in Parsipani was named "The World's Coolest Office." The shares began trading under the PF index code on April 4 at the top range of their offering, $20 per share, thus valuing Pinnacle Foods with a market capitalization of $2.3 billion. In May 2014, Hillshire Brands announced that it was buying Pinkel Foods for $4.23 billion in a cash and equity deal. Hillshire Brands' portfolio includes Jimmy Dean, Paul Park and Sarah Lee. But on June 30, 2014, it was announced that Pinkel Foods had cancelled its sale to Hellshire Brands, which would allow Hellshire Brands to acquire it by Tyson Foods. Pinkel was expected to receive a payment of $163 million as part of the separation from Hillshire, as well as an expected $25 million in one-time costs associated with the sale of scotch. In March 2016, it was announced that CEO Robert Gamgort He will leave Pinkel Foods to be the new CEO of Keurig Green Mountain. Mark A. Close, formerly of Mondelez, succeeded Gamgurt as CEO. In June 2018, Conagra announced that it would acquire Pinkel Foods for $8.1 billion. The sale was completed on October 26, 2018 and the company's name was delisted on the New York Stock Exchange.