ConAgra, the Omaha-based food-processing giant that owns Chef Boyardee, Peter Pan, Snack Pack and other supermarket brands, says here that it's purchased Lancaster-based National Pretzel, which bakes private-label pretzels for chain groceries, at its bakeries in Lancaster and Hanover, PA and Visalia, Calif., from investor Michael Torporek's New York buyout firm, Brookstone Partners.
The buyer and seller didn't name a price, but a ConAgra official confirmed the total was more than $100 million, according to the Wall St Journal here.
National Pretzel employs 700, including 500 in Pennsylvania, says spokesman Jeff Mochal.
Pennsylvania is home to a large concentration of potato-chip and pretzel makers. Family-run snack firms have been under pressure to consolidate as American snack consumption flattens. See for example last year's purchase of Snyder's of Hanover by North Carolina-based Lance Inc., valued at over $600 million, here; and last winter's Utz-Zappe deal here,