ConAgra Foods’ purchase of St. Louis-based Ralcorp for $90 in cash per share was approved by Ralcorp shareholders. ConAgra’s headquarters remain in Omaha following the acquisition, the company said. No information was released about the fate of Ralcorp’s corporate offices in St. Louis.
With the addition of Ralcorp’s cereals, crackers and other foods, ConAgra’s annual private label sales total $4.5 billion. The combined company has $18 billion in annual sales and 36,000 employees. making it the largest private label food maker in North America.