ConAgra Foods to exit private label business

June 30, 2015 11:41 AM

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June 30 ConAgra Foods Inc, the maker of Slim Jim beef jerky and Chef Boyardee pasta, said it would exit its struggling private label foods business and reported a 3.7 percent rise in quarterly sales.

ConAgra's move to exit the private label foods business comes two years after its $5-billion acquisition of Ralcorp, which made it the biggest U.S. maker of foods sold under supermarket brands.

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