ConAgra to Sell Store-Brand Food Business
ConAgra Foods Inc. plans to sell its faltering business that makes store-brand packaged food just two years after spending $5 billion to beef it up by buying the private-label foodmaker Ralcorp. The company said that it wants to concentrate on improving business for its name brand products, which include ChefBoyardee, Hebrew National hot dogs and Slim Jim meat sticks.
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