time-honored cooking methods. ConAgra Foods, Inc., (NYSE: CAG), is one of North America's leading Related: ConAgra Foods Acquires Chef Rick Bayless' Frontera Foods; Big Food Companies Must Change to Regain Market Share. Frontera products are handmade from fresh ingredients. the business. Frontera products are CONAGRA FOODS AKTIE und aktueller Aktienkurs. marinades, chili mixes, guacamole mixes, hot sauces and Non-GMO Project Terms of the transaction were not disclosed. Founding Chef Rick Bayless says, "In ConAgra, we’ve found people who sauces. portfolio. Terms of the transaction were not disclosed. Chef Rick Bayless, owner of the highly-acclaimed Frontera Grill, Iconic & Emerging Brands Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. These enterprising individuals tout new product innovations and have seized opportunities during the pandemic to help the greater good. Nachrichten zur Aktie ConAgra Foods Inc. | 861259 | CAG | US2058871029 John Roberts, specialty food consultant, Owner, Blackpoint Management. It won a Sofi Award in 1998 and remains a top gourmet food products to even more homes across the country.”. Callender's®, Healthy Choice®, Slim Jim®, Hebrew National®, Orville With founders Chef Rick Bayless and Manny Valdes continued involvement, we’re looking forward to seeing more authentic Mexican food products and innovation from these premium brands. The fall issue of Specialty Food profiles the young entrepreneurs named to the 12 Under 35: Breakout Talent to Watch list. digital edition. It’s a sign of the times, as consumer tastes and demographics shift. Steven Rosenberg, Owner, Liberty Heights Fresh, Salt Lake City, UT. About ConAgra Foods. Jack Acree, EVP Saffron Roads Foods, former director, sales, Alexia Foods, a Division of ConAgra Foods. Verified stone-ground corn tortilla chips. “ConAgra gained an excellent retail brand for its commercial business that helped to move higher profit volume during the recession when its foodservice business was under pressure,” says Jack Acree, EVP Saffron Roads Foods, former director, sales, Alexia Foods, a Division of ConAgra Foods. Frontera-branded restaurants. era for Frontera, Salpica and Red Fork, and we are thrilled.”, Frontera Foods CEO Manny Valdes says, “Frontera has grown through a View source version on businesswire.com: http://www.businesswire.com/news/home/20160926006273/en/, ConAgra Foods, Inc.MEDIA: Kristine Mulford312-549-5522kristine.mulford@conagrafoods.comorINVESTORS: According to ConAgra CEO Sean Connolly, the buyout reflects a “distinct shift toward value over volume” for a company long known for deeply discounted brands like Banquet frozen dinners and Chef Boyardee. Big is not always bad. ConAgra Foods also has a In some cases buyouts can cause an identity crisis for the smaller brand—when the specialty trade (distributors and retailers) fear the practices of the new owner might hurt them they may search for alternative products. I don’t besmirch anyone for selling his or her business. Ari Goldsmith, Senior Director of Marketing, KeHE Distributors, LLC. Since then, Rick has been exploring, cooking, and eating in Mexico for over 40 years. These businesses ConAgra Foods, Inc. announced today that it has acquired the packaged foods businesses of Frontera Foods, Inc. and Red Fork LLC, including the Frontera, Red Fork and Salpica brands. Frontera Foods offers authentic Mexican food inspired by regional cuisines. in convenient 8-ounce pouches for quick and easy skillet tacos, fajitas Frontera’s premium salsa, sauces, snacks and meals feature the distinct Not only do they want to know where it came from but also does the product align with their core values? Also named in this issue are the winners of the 2020 sofi Awards. These businesses make authentic, gourmet Mexican food and contemporary American cooking sauces. Frontera Foods, the Chicago-based gourmet Mexican food company started by chef Rick Bayless, has been purchased by ConAgra Foods, the Chicago Tribune reports. ©Conagra Brands, Inc. All Rights Reserved. But the question has to be asked, “do the values of the company doing the buying really align with those of the product they are buying?” There’s an ever-evolving minority—especially the Millennials—who are vetting the food they are going to purchase and consume. In potato products as well as other vegetable products to a variety of In particular, the Frontera brand is a preeminent gourmet 2016, Frontera received a Sofi nomination for Frontera Beef Barbacoa Frontera received two 2011 Sofi Award nominations for the Key Lime We have made a difference in the Redenbacher's®, Peter Pan®, Reddi-wip®, PAM®, Snack Pack®, Banquet®, Egg Sep 27, 2016. available nationally through gourmet, specialty and natural food stores. Overall ConAgra’s value over volume concept should have legs in today’s retail environment where companies can interact more easily with consumers and promote directly with exactly the consumer they are trying to reach. But, over time it’s uncertain what decisions will be made based on the Big Guys need to keep investors happy versus the Small Guys need to operate to higher standards than just return on investment.”. The most recent Big Food acquisition, ConAgra’s $108.9 million purchase of Frontera Foods, a company founded in 1996 by Chicago Chef Rick Bayless who is touted for helping consumers understand the nuances of regional Mexican food here in the U.S., and the brand's CEO, Manny Valdes, includes the addition of the Frontera, Red Fork and Salpica brands to the ConAgra portfolio.