VERNIER (dpa-AFX) - ConAgra Foods Inc. (CAG) said that it has entered into a definitive agreement to sell its Spicetec Flavors & Seasonings business to Givaudan (GVDBF.PK) for about $340 million.
The agreement includes the transition of approximately 280 employees as well as facilities in Cranbury, N.J., and Carol Stream, Ill.
The planned transaction is subject to customary closing conditions and regulatory clearances and is expected to close in approximately 60-90 days.
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