ConAgra acquires Elan
This article was originally published in The Tan Sheet
Executive Summary
ConAgra Foods acquires nutrition bar manufacturer Elan Nutrition to spur product development in its private-label food bar business, the Omaha, Neb., firm says April 12. ConAgra will manage Grand Rapids, Mich.-based Elan, owned by an affiliate of Sun Capital Partners since 2003, as part of its snacks platform and will integrate Elan's products into its store brands business. ConAgra said the deal closed the same day, but did not disclose financial terms. The firm also said Elan's Michigan facility is included in the deal and it plans to hire Elan employees
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