In the Food Business, Survival of the Largest

Photo courtesy of St. Louis Post-Dispatch

When ConAgra ponied up about $5 billion for St. Louis-based Ralcorp this week, the Omaha-based conglomerate did something that food companies have been doing for a while: It got a lot bigger.

ConAgra Foods Inc., which produces some 60 brand name products — everything from Slim Jim sausage snacks to Manwich mixes to Wesson cooking oil — will now become one of the largest food companies in the world, with about $18 billion in sales, up from $12.3 billion in the fiscal year ended on May 11.

Globally speaking, that would put ConAgra among the top 20 food companies in the world, up from its current spot of 31 and well ahead of food juggernauts General Mills and Kellogg. Read more on St.Louis Post-Dispatch.

 


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