NEW YORK (AP) — ConAgra Foods is selling its private label operations to TreeHouse Foods for about $2.7 billion as part its plan to focus more on name brands including Chef Boyardee and Slim Jim.
The company initially announced plans to sell the unit in June.
The deal comes one month after the company said it will cut 1,500 jobs, or about 30 percent of its office-based workforce, and move its headquarters to Chicago from Omaha, Nebraska. The company's goal is to create a more-efficient packaged food company.
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