JM Swank and Spicetec Flavors & Seasonings Sold

Jul 27th, 2016

Savannah Saunders

ConAgra Foods completed its sales of JM Swank to Platinum Equity and Spicetec Flavors & Seasonings to Givaudan. ConAgra Foods generated around $488 million in both net proceeds and sales.

Sean Connolly, president and chief executive officer of ConAgra Foods, said, "Today marks an important milestone for ConAgra Foods. The completion of these two divestitures is another step on our journey to becoming a more focused and higher performing company.” He added, “We truly appreciate the contributions of the JM Swank and Spicetec Flavors & Seasonings employees, and we’re confident that both companies will be well positioned for continued growth as part of Platinum Equity and Givaudan, respectively.”

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