Conagra Brands has entered an agreement to acquire frozen breakfast and entrée flatbread sandwich producer, Sandwich Bros. of Wisconsin, USA. The transaction is expected to be finalised early this year, subject to customary closing conditions.
“Adding the Sandwich Bros. business to our portfolio is another step in Conagra Brands’ ongoing work to accelerate growth,” said Sean Connolly, chief executive of Conagra Brands. “This acquisition will bring Conagra unique capabilities and expertise within the frozen handheld category, which we look forward to leveraging for further growth and extension into additional Conagra brands.”
The family-owned Sandwich Bros. offers consumers on-the-go convenience food and has seen rapid growth with approximately $60 million in net sales for the 12 months ending November 2017.
“We are extremely proud of what our team has accomplished in a few short years, and look forward to helping Conagra accelerate the growth of Sandwich Bros. products,” said Salem Kashou, president of the Sandwich Bros. business and second-generation family member.
“We are very pleased with Conagra’s shared enthusiasm of Sandwich Bros. and know they have the resources and expertise to continue our legacy. Our incredible growth over the past five years is attributed to the contributions from our loyal employees, business partners and consumers. For that, my brother John and I express our sincerest gratitude,” added George Kashou, founder and co-owner of the business.