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In 2007, Pinnacle Foods was acquired by the Blackstone Group, a New York City-based private equity firm. [3] In 2013, Pinnacle Foods' Parsippany office was named Inc. Magazine's "World's Coolest Office." [4] That year, Pinnacle Foods had its IPO on the New York Stock Exchange, raising approximately $580 million for its owners, the private ...
The company was founded in 1986 by Tim Kennedy, and their production facilities are located in the U.S. state of Washington. Kennedy began cooking chips in 100% peanut oil, [3] but after being acquired by Pinnacle Foods, the factory switched to substituting cheaper alternatives like corn oil and sunflower oil. Tim's no longer states that they ...
Birds Eye was sold to Dean Foods in 1993 and was independently owned by Birds Eye Foods of Rochester, New York until it was purchased by Pinnacle Foods in 2009. [4] In March 2010, Pinnacle announced it would be closing the Rochester headquarters and moving operations to New Jersey. [ 5 ]
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Pinnacle Foods (PF) Q2 performance is to gain from sturdy in-market performance cost-saving initiatives.
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On June 30, 2014, it was announced that Pinnacle Foods had scrapped its sale to Hillshire Brands, which would allow Hillshire to be acquired by Tyson Foods.Pinnacle would receive a $163 million payment as part of the breakup from Hillshire, and Pinnacle would also receive an expected $25 million in one-time costs connected to the nixed sale.
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