Shearer's Foods acquires Arkansas-based corn-based snack products company Medallion Foods from ConAgra Foods for US$33.5M

LOS ANGELES , April 18, 2014 (press release) – Shearer's Foods Inc. has acquired the assets of the Medallion Foods business from ConAgra Foods Inc. for US$33.5 milliom, Baking Business reported April 17.

Arkansas-based Medallion Foods manufactures value brand and private label corn-based snack products.

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.

The primary source of this article is Baking Business, Kansas City, Missouri, on April 17, 2014. Click here to read the primary source's full version of the article.

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