WASHINGTON (dpa-AFX) - ConAgra Foods Inc. (CAG) has agreed to acquire Odom's Tennessee Pride, a producer of frozen and refrigerated breakfast sandwiches and sausage.
The agreement includes facilities in Little Rock, Arkansas, and Dickson, Tennessee, and its headquarters office in Madison, Tennessee. Odom's Tennessee Pride generates annual revenue in excess of $190 million.
The company did not disclose any financial details of the deal and expects it to close within the next 45 days.
'The acquisition of Odom's Tennessee Pride will build on our strong position in frozen meals and allow us to leverage our existing innovation, marketing and distribution abilities,' said Gary Rodkin, chief executive officer of ConAgra Foods.
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