Processing, fries, chips

US: ConAgra reportedly talking about selling frozen potato unit to cereal maker

Could Conagra Foods Lamb Weston Become Part of Post Holdings?ConAgra Foods has been in talks to sell its frozen potato unit to cereal maker Post Holdings, according to a report. The Wall Street Journal reported Tuesday that the talks had stalled but could revive. The report cited unidentified sources. If a deal went through, it would be one of the largest recent mergers in the consumer goods industry and the largest yet for St. Louis-based Post, which has been on a run of acquisitions. ConAgra said last year that it would spin off the Lamb Weston potato unit into a new company, called Lamb Weston, with ConAgra shareholders getting shares in the new company. More

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