CHICAGO, Sept. 4, 2019 /PRNewswire/ -- Today Conagra
Brands, Inc. (NYSE: CAG) announced plans to build The Conagra
Brands Center for Food Design in Chicago at 350 N. Orleans Street, located next
to its existing headquarters in The Merchandise Mart. The new
40,000 square foot innovation center is an expansion of the
company's existing state-of-the-art Research & Development and
Culinary capabilities and will focus on innovation related to
snacking, one of the fastest-growing occasions in food. The
facility will combine culinary, and food and packaging design
expertise in a space that enables rapid development of
contemporary, on-trend products.
"Conagra Brands' $2 billion snacks
business is one of the largest and fastest growing in the food
industry," said Tom McGough,
executive vice president and co-chief operating officer for Conagra
Brands. "Our strong snacking portfolio is positioned for long-term
growth and we expect the capabilities in this new facility to
enable us to create even more innovative products that our
consumers will love."
"The Conagra Brands Center for Food Design in Chicago will be a fresh, collaborative space
with state-of-the-art capabilities to provide our talented team
with the right resources to help grow Conagra's snacking business,"
said Corey Berends, senior vice
president, Research & Development for Conagra Brands. "In
addition, the expansive kitchen and tasting area will be an ideal
place to collaborate with our customers and develop new food
solutions."
The Conagra Brands Center for Food Design in Chicago is scheduled to officially open in the
first quarter of calendar year 2020 and will house up to 50
employees, including food and packaging designers and members of
the company's culinary team. Conagra Brands currently has
approximately 550 people who work in The Merchandise Mart. Conagra
Brands will continue to operate The Center for Food Design and
Technology in Omaha, Neb., which
will focus on Conagra's expanded frozen, refrigerated, shelf-stable
meals as well as condiments and enhancers. Omaha will also remain the R&D hub for the
company's food safety, and technology development teams.
About Conagra Brands
Conagra Brands, Inc.
(NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food
companies. Guided by an entrepreneurial spirit, Conagra Brands
combines a rich heritage of making great food with a sharpened
focus on innovation. The company's portfolio is evolving to satisfy
people's changing food preferences. Conagra's iconic brands, such
as Birds Eye®, Marie Callender's®,
Banquet®, Healthy Choice®, Slim Jim®, Reddi-wip®, and Vlasic®, as
well as emerging brands, including Angie's® BOOMCHICKAPOP®,
Duke's®, Earth Balance®, Gardein®, and Frontera®, offer choices for
every occasion. For more information, visit
www.conagrabrands.com.
Note on Forward-looking Statements
This document
contains forward-looking statements within the meaning of the
federal securities laws. These forward-looking statements are based
on management's current expectations and are subject to uncertainty
and changes in circumstances. These forward-looking statements
include, among others, expectations about future business plans,
prospective performance and opportunities. Readers of this
document should understand that these statements are not guarantees
of performance or results. Many factors could affect our actual
financial results and cause them to vary materially from the
expectations contained in the forward-looking statements, including
those set forth in this document. These risks, uncertainties, and
factors include, among other things, risks related to the success
of Conagra Brands' innovation and marketing investments and Conagra
Brands' ability to otherwise achieve its business strategies, and
other risks described in Conagra Brands' reports filed from time to
time with the Securities and Exchange Commission. We caution
readers not to place undue reliance on any forward-looking
statements included in this document, which speak only as of the
date of this document. We undertake no responsibility to update
these statements, except as required by law.
For more information, please contact:
Dan Hare
Conagra Brands
312-549-5355
Daniel.hare@conagra.com
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SOURCE Conagra Brands, Inc.