ConAgra acquires Ralcorp for $5 billion
Expands arsenal of private labels
ConAgra Foods is set to become the nation’s biggest maker of store-brand foods, with a $5 billion purchase of Ralcorp that expands its stake in the growing market for cereals, crackers and other packaged foods sold under private labels. The deal announced Tuesday caps a year of acquisitions for ConAgra, which makes brands including Banquet, Chef Boyardee and Marie Callender’s. The company, based in Omaha, Neb., also made multiple attempts to buy Ralcorp last year.