OMAHA, Neb.--()--ConAgra Foods, Inc., (NYSE: CAG) announced today that it is expanding its facility in Russellville, AR to make Bertolli® and P.F. Chang’s® frozen meals. The expansion, anticipated to be a $100 million investment, is expected to create more than 80 jobs.
“ConAgra Foods has a long history in Russellville and we are pleased to grow our presence in the area”
“ConAgra Foods has a long history in Russellville and we are pleased to grow our presence in the area,” said Mike Tracy, Senior Vice President of Consumer Foods Supply Chain for ConAgra Foods. “Our dedicated employees, along with the support of the city of Russellville and the state of Arkansas will allow us to make great food here for many years to come.”
ConAgra Foods has approximately 1,350 employees in Russellville, AR and has operated in the area since 1965.
ConAgra Foods acquired the Bertolli and P.F. Chang’s Home Menu frozen meals businesses earlier this year as part of its growth strategy, which includes growing its core businesses and expanding into strategic adjacencies. ConAgra Foods’ presence in the freezer case, includes brands such as Marie Callender’s®, Banquet®, Healthy Choice® , Kid Cuisine®, Bertolli® and P.F. Chang’s®. The Bertolli and P.F. Chang’s brands are used under license.
About ConAgra Foods
ConAgra Foods, Inc., (NYSE: CAG), is one
of North America's leading food companies, with brands in 97 percent of
America’s households. Consumers find Banquet, Chef Boyardee, Egg
Beaters, Hebrew National, Hunt’s, Marie Callender’s, Orville
Redenbacher’s, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack and
many other ConAgra Foods brands in grocery, convenience, mass
merchandise and club stores. ConAgra Foods also has a strong
business-to-business presence, supplying frozen potato and sweet potato
products as well as other vegetable, spice and grain products to a
variety of well-known restaurants, foodservice operators and commercial
customers. For more information, please visit us at http://www.conagrafoods.com.
Note on Forward-looking Statements
This release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are based on
management’s current views and assumptions of future events and
financial performance and are subject to uncertainty and changes in
circumstances. We undertake no responsibility for updating these
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statements are not guarantees of performance or results. Many factors
could affect our actual financial results and cause them to vary
materially from the expectations contained in the forward-looking
statements, including those set forth in this release. These factors
include, among other things: availability and prices of raw materials,
including any negative effects caused by inflation; the effectiveness of
our product pricing, including any pricing actions and promotional
changes; future economic circumstances; industry conditions; our ability
to execute our operating and restructuring plans; the success of our
innovation, marketing, and cost- saving initiatives; the competitive
environment and related market conditions; operating efficiencies; the
ultimate impact of any product recalls; our success in efficiently and
effectively integrating acquisitions; access to capital; actions of
governments and regulatory factors affecting our businesses, including
the Patient Protection and Affordable Care Act; the amount and timing of
repurchases of our common stock, if any; and other risks described in
our reports filed with the Securities and Exchange Commission. We
caution readers not to place undue reliance on any forward-looking
statements included in this release, which speak only as of the date of
this release.



