Shearer's acquires Medallion Foods from ConAgra

by Eric Schroeder
Share This:
Search for similar articles by keyword: [Conagra Brands], [Snack]

BREWSTER, OHIO — Shearer’s Foods, a private label salty snack manufacturer owned by Toronto-based private equity firm Wind Point Partners, has acquired the assets of the Medallion Foods business from Omaha-based ConAgra Foods, Inc. for $33.5 million. Newport, Ark.-based Medallion manufactures value brand and private label corn-based snack products, including tortilla chips, corn chips and extruded corn products.

“Although ConAgra Foods believes strongly in the salty snacks category, the Medallion Foods business is not large enough within ConAgra Foods to command the resources it needs to grow — particularly in light of the current focus on the broader Ralcorp integration,” ConAgra said. “As a result, ConAgra Foods believes the Medallion Foods business will have more value under a more focused owner.”

ConAgra acquired Medallion Foods as part of its purchase of Ralcorp Holdings Inc. in early 2013. Ralcorp had bought Medallion Foods for $101.8 million in June 2005.
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

 

 


The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.
   

READER COMMENTS (2)

By myrna 11/14/2015 11:12:16 AM
I love these chips! I have no problem with salt. I'm happy to know that not all companies cater to salt less. Hope Walmart will keep them on the shelf.

By Sandra Higgins 4/20/2015 2:48:14 PM
Love the Medallion corn chips that I purchased in Texas Wal-Marts. I cannot find them in Moline,Il or Muscatine, IA Wal-Marts. Please advise where I can purchase them.