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Conagra to buy Sandwich Bros. of Wisconsin business

Thursday, December 21, 2017   (0 Comments)
Business Journal

David Schuyler



Conagra Brands Inc. said Thursday that it has agreed to purchase the Sandwich Bros. of Wisconsin business from Milwaukee-based Kangaroo Brands Inc. for an undisclosed amount.

The Sandwich Bros. of Wisconsin business produces frozen breakfast and entree flatbread sandwiches and is owned by the Kashou family, which will continue to own Milwaukee pita products manufacturer Kangaroo Breads. The growing business had about $60 million in net sales in the 12 months ended November 2017, Conagra said.

Kangaroo Brands ranked as the 16th largest food and beverage manufacturer in the Milwaukee area, according to the Milwaukee Business Journal’s May 2017 list. The company, at 7620 N. 81st St., reported 172 employees.

Sandwich Bros.-brand flatbread pocket sandwiches use protein products such as 100 percent Angus beef, chicken raised without antibiotics, all natural sausage and real Wisconsin cheese. Sean Connolly, president and CEO of Conagra Brands, said Sandwich Bros. will add to its frozen handheld category and offers opportunities to extend its capabilities into other Conagra brands.

Chicago-based Conagra Brands Inc. (NYSE: CAG) is the food giant behind brands such as Marie Callender's, Reddi-wip, Hunt’s, Slim Jim and Orville Redenbacher’s.

The transaction is expected to close in early 2018, subject to customary closing conditions, including regulatory approvals.

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