Conagra Divests from Lender’s Bagel Business

American food firm Conagra Brands announced Thursday that the divestiture of its Lender’s Bagel business to Grupo Bimbo subsidiary Bimbo Bakeries USA Inc. is complete. 

Under the terms of the deal, Bimbo will take on the Lender’s brand and associated intellectual property, a production facility in Mattoon, IL, and remaining inventory. 

The facility in Mattoon is capable of producing 2 million refrigerated and frozen bagels per day, according to an earlier report by the Decatur Herald & Review. Products produced at the site are distributed across the country. 

Conagra marked the 100th anniversary of its entry into the food industry during September 2019. Over the month, the company published highlights from its history, including the launch of Bird’s Eye brand frozen vegetables in the 1920s and Duncan Hines baking products in the 1950s. 

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