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Conagra sells Medallion Foods assets to snack manufacturer Shearer's

Medallion Corn Snacks
April 25, 2014
Shearer’s Foods, a savory snack manufacturer owned by Chicago based private equity firm Wind Point Partners, has acquired the assets of the Medallion Foods business from ConAgra Foods, Inc. for $33.5 million.

Newport, Arkensas.-based Medallion manufactures value brand and private label corn-based snack products, including tortilla chips, corn chips and extruded corn products.

“Although ConAgra Foods believes strongly in the salty snacks category, the Medallion Foods business is not large enough within ConAgra Foods to command the resources it needs to grow — particularly in light of the current focus on the broader Ralcorp integration,” ConAgra said. “As a result, ConAgra Foods believes the Medallion Foods business will have more value under a more focused owner.”

ConAgra acquired Medallion Foods as part of its purchase of Ralcorp Holdings Inc. in early 2013. Ralcorp had bought Medallion Foods for $101.8 million in June 2005.
Companies in this Article
ConAgra Foods is a "leading branded, value-added" food company, organized into three businesses—Consumer Foods, International Foods and Commercial Products, which includes our Food and Ingredients and Trading and Merchandising Segments.
Shearer's Foods Inc. is a manufacturer of regular and kettle style potato chips in the United States as well as a range of savory snacks. Shearer's food has manufacturing plants in Ohio and Texas.