WASHINGTON (dpa-AFX) - ConAgra Foods Inc. (CAG) announced that it has acquired Kangaroo Brands' pita chip business. Financial terms of the transaction were not disclosed.
According to the company, Based in Milwaukee, WI, Kangaroo Brands is a leader in private label pita chips and generates approximately $20 million in annual revenue. The acquisition includes a manufacturing facility located in Milwaukee 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.
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