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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 ...
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Investing.com - Stocks in focus in pre-market trade Wednesday:
Pinnacle Foods (PF) Q2 performance is to gain from sturdy in-market performance cost-saving initiatives.
The company was sold to Kraft Foods in 1984. In 2003, it became part of Pinnacle Foods. In 1994 it began production of room-temperature fresh bagels. In 2012, Lender's revenue was about $70 million. In 2018 Pinnacle foods was sold to Conagra, which then sold Lender's Bagels out of Pinnacle to Bimbo Bakery.
Market Year Acquired Year Disposed Status Notes Altoids: Confectionery United States 2005 Sold to Wm. Wrigley Jr. Company: Bird's Custard: Dairy North America, United Kingdom, Ireland 2004 Sold to Premier Foods: Bird's Eye: Frozen foods: North America 2004 Sold to Dean Foods: Now owned by Pinnacle Foods: Boboli Baked Goods: North America 1995
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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