Meat + Poultry - December 2015 - 11

their individual operational and financial characteristics.
When the break up is completed, ConAgra Brands is
expected to have approximately $7.2 billion in sales and
feature such brands as Marie Callender's, Hunt's, Reddiwip, Slim Jim, Pam, Chef Boyardee, Orville Redenbacher's,
P.F. Chang's and Healthy Choice. The business also is
expected to include several businesses that are included in
the company's Commercial Foods business unit, including
Spicetec Flavors & Seasonings and JM Swank.
ConAgra Brands will be led by Connolly and
headquartered in Chicago.
The Lamb Weston business will have approximately
$2.9 billion in sales once the break up is completed. The
business features ConAgra's portfolio of frozen potato
products primarily intended for the food service industry,
and will include ConAgra's interests in several joint
ventures, including Lamb Weston / Meijer in Europe.
Where the business will be headquartered and who will
lead it will be announced at a later date.
The transaction is expected to be completed in the fall
of 2016, and it is expected to be structured as a spin-off of
the Lamb Weston business. ConAgra Foods shareholders
will own shares of both independent companies.

TACO BELL JOINS CAGE-FREE EGG MOVEMENT
The mass movement by large US restaurant chains to
exclusively source cage-free eggs continues with the
November announcement by Taco Bell that it will make
the transition by Dec. 31, 2016. A subsidiary of Yum!
Brands Inc., Taco Bell is aiming to be the first national
quick-service restaurant chain to completely implement
the change, ahead of Panera's and Starbucks' plan to do so
by 2020 and McDonald's goal to reach 100 percent cagefree eggs over the next decade.
"We are a brand that has our finger on the pulse of not
only what appeals to our customers' tastes but also the
issues they care most about, and they tell us they want
food that's simple and easy to understand," said Brian
Niccol, CEO of Taco Bell Corp. "Implementing this change
at record pace underscores that we are always listening
and responding to our customers, while doing what is right
for our business."
Taco Bell has set a goal to transition to cage-free eggs
in "an industry-leading 12-month time frame." The fastfood chain's eggs will be verified as "American Humane
Certified" based on cage-free egg production standards set
by the American Humane Association.

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Meat + Poultry - December 2015

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