Latest news with #CatchoftheDay
Yahoo
2 days ago
- Business
- Yahoo
Conagra to sell seafood brands Van de Kamp's and Mrs. Paul's for $55M
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Conagra Brands reached a deal to sell its Van de Kamp's and Mrs. Paul's brands to seafood producer High Liner Foods for $55 million. The transaction allows Conagra to "further focus our efforts on strengthening our core frozen offerings," Sean Connolly, Conagra's president and CEO, said in a statement. The two frozen seafood brands contributed approximately $75 million to Conagra's fiscal year 2024 net sales. The sale marks the latest divestiture for the Chicago-based food manufacturer as it aims to streamline its portfolio and lower its debt. Earlier this week, Conagra closed on the sale of Chef Boyardee to Hometown Food for $600 million. Conagra's portfolio is built around snacks and frozen foods, which includes Healthy Choice, Birds Eye and Marie Callender's. The sale of Van de Kamp's and Mrs. Paul's shows the company is aiming to distance itself from a seafood category that has little overlap with the rest of its frozen offerings. Van de Kamp's and Mrs. Paul's are minor contributors to Conagra's business, which posted $12.1 billion in net sales during its 2024 fiscal year. "This divestiture reflects our continued commitment to reshaping our portfolio and investing where we see the best opportunities for growth and innovation," Connolly said in a statement, adding that Van de Kamp's and Mrs. Paul's operated largely as a standalone business. Van de Kamp's and Mrs. Paul's are leading brands in the U.S. frozen breaded and battered seafood category, Conagra said. The transaction, which does not include employees or manufacturing facilities, is expected to close by the end of July. Proceeds will be used to reduce debt. High Liner is already familiar with the fish brands it will be adding to its portfolio. It currently co-manufactures products for Mrs. Paul's and Van de Kamp's brands at its U.S. manufacturing facilities. The Canadian company is a top North American processor and marketer of frozen seafood under brands such as High Liner, Fisher Boy, Mirabel, Sea Cuisine and Catch of the Day labels. Recommended Reading Conagra to sell Chef Boyardee to private equity firm for $600M Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
High Liner buying Mrs. Paul's and Van de Kamp's brands from Conagra for US$55M
LUNENBURG - Frozen seafood company High Liner Foods Inc. has signed a deal to buy the Mrs. Paul's and Van de Kamp's brands of frozen breaded and battered fish from Conagra Brands for US$55 million in cash. High Liner Foods currently co-manufactures products for Mrs. Paul's and Van de Kamp's brands at its U.S-based operations. High Liner chief executive Paul Jewer called it a strategic and compelling opportunity that will help further growth in the U.S retail market. The deal is expected to close at the end of the month, subject to customary closing conditions. In addition to its namesake brand, High Liner sells under several brands in the U.S. and Canada including Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day in addition to the Mirabel, Icelandic Seafood and FPI labels for restaurants and institutions. It is also a major supplier of private label seafood products to retailers and food service distributors. This report by The Canadian Press was first published June 6, 2025. Companies in this story: (TSX:HLF)
Winnipeg Free Press
2 days ago
- Business
- Winnipeg Free Press
High Liner buying Mrs. Paul's and Van de Kamp's brands from Conagra for US$55M
LUNENBURG – Frozen seafood company High Liner Foods Inc. has signed a deal to buy the Mrs. Paul's and Van de Kamp's brands of frozen breaded and battered fish from Conagra Brands for US$55 million in cash. High Liner Foods currently co-manufactures products for Mrs. Paul's and Van de Kamp's brands at its U.S-based operations. High Liner chief executive Paul Jewer called it a strategic and compelling opportunity that will help further growth in the U.S retail market. The deal is expected to close at the end of the month, subject to customary closing conditions. In addition to its namesake brand, High Liner sells under several brands in the U.S. and Canada including Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day in addition to the Mirabel, Icelandic Seafood and FPI labels for restaurants and institutions. It is also a major supplier of private label seafood products to retailers and food service distributors. This report by The Canadian Press was first published June 6, 2025. Companies in this story: (TSX:HLF)
Yahoo
2 days ago
- Business
- Yahoo
High Liner buying Mrs. Paul's and Van de Kamp's brands from Conagra for US$55M
LUNENBURG — Frozen seafood company High Liner Foods Inc. has signed a deal to buy the Mrs. Paul's and Van de Kamp's brands of frozen breaded and battered fish from Conagra Brands for US$55 million in cash. High Liner Foods currently co-manufactures products for Mrs. Paul's and Van de Kamp's brands at its U.S-based operations. High Liner chief executive Paul Jewer called it a strategic and compelling opportunity that will help further growth in the U.S retail market. The deal is expected to close at the end of the month, subject to customary closing conditions. In addition to its namesake brand, High Liner sells under several brands in the U.S. and Canada including Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day in addition to the Mirabel, Icelandic Seafood and FPI labels for restaurants and institutions. It is also a major supplier of private label seafood products to retailers and food service distributors. This report by The Canadian Press was first published June 6, 2025. Companies in this story: (TSX:HLF) The Canadian Press
Gulf Weekly
15-05-2025
- Entertainment
- Gulf Weekly
Incredible menu with salads, seafood, burrata and more!
InterContinental Bahrain invites guests to experience a curated collection of exceptional culinary events and indulgent dining offerings all month long. From a lavish brunch to steak and lobster perfection, here's what's on the menu: A refined yet casual Friday brunch combining lavish buffet stations, à la carte mains, and live entertainment. Guests are welcomed with curated stations of seafood, salads, burrata with truffle, and gourmet sausages. Mains are served à la carte with premium ingredients like caviar, truffle, and foie gras for an elevated experience. The dessert buffet includes elegant pastries and modern treats with a molecular twist. Signature drinks add to the glamour. Enjoy smooth live vocals by Alona and vibrant DJ sets throughout the afternoon. Children under six dine for free, while those aged six to 12 enjoy a 50 per cent discount. It's priced at BD28net inclusive of soft beverages, and BD38 including unlimited selected beverages. Meanwhile, an ultimate surf-and-turf dining experience featuring a gourmet three-course menu is available daily 6pm to 11pm. Begin with a refined starter, followed by a 300gm lobster tail paired with a 200gm grilled tenderloin, and end with your choice of dessert. A must-try for lovers of rich, classic flavours presented with elegance. Priced from BD28. Dive into a dynamic seafood experience with The Hook, and enjoy interactive live stations and signature dishes every Thursday from 6.30pm to 10.30pm at the Regency Tent. Highlights include the Catch of the Day grilled live and served with infused butter sauces, ceviche, and refreshing ocean-inspired muddled drinks. Soft beverage packages are priced at BD24 and endless house beverages cost BD32. Start your day in luxurious style with a floating breakfast for two, served poolside in the heart of Manama daily from 9am until noon. Whether celebrating a special occasion or simply treating yourself, this serene and picturesque experience is perfect for a morning escape. Priced at BD19net for two guests. For more information, contact 36967701.
