Knowledge (XXG)

International Home Foods

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Following poor stock performance in 1998, its price dropping by over two-thirds in six months, IHF began looking for a buyer. The company's valuation issues were largely caused by investor disinterest in a company with such widely diversified brands. In December 1998, ConAgra offered IHF $ 20 per
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share but IHF rejected the offer as too low. This was followed by multiple negotiations with other companies over an 18-month period, none of which materialized.
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plus the assumption of debt. IHF went public in November 1997 and subsequently made a number of acquisitions in quick succession.
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deal, $ 2 per share higher than ConAgra's initial 1998 offer. Much of the former IHF operation was integrated into ConAgra's
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During its four years in operation, International Home Foods owned a variety of brands including:
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and merged into ConAgra's Grocery Products division. IHF's best known brands were
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In July 1997, IHF acquired Bumble Bee Seafoods out of bankruptcy protection for
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followed by canned soup and pasta producer Venice Maid, and in August bought
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In March 1998 it acquired private-label foods producer Grist Mill Co. for
1208: 1073: 562:"ConAgra, International Home Foods Join Sector's Consolidation Bandwagon" 280: 1274: 1218: 1163: 1153: 855: 434: 323: 1203: 1188: 446: 284: 416: 279:, then bought Canadian canned meat and stew producer Puritan from 999: 665:"International Home Foods Hopes Famous Names Deliver: IPO Focus" 1003: 820:"B&G Foods Purchases Polaner from International Home Foods" 889:"ConAgra provides plateful of products from which to choose" 337:
IHF was finally acquired in June 2000 by ConAgra Foods in a
691:"$ 100 Million Merger by Makers of Private-Label Foods" 1247: 1037: 724:"International Home Foods to buy Venice Maid Foods" 265:became chairman and CEO following the acquisition. 179: 148: 135: 123: 112: 97: 79: 68: 58: 43: 33: 626: 624: 622: 310:The company bought Canadian canned seafood brands 882: 880: 761:"International Home Foods is Adding Businesses" 950: 948: 594: 592: 237:The company was founded in November 1996 when 1015: 846:"ConAgra to acquire International Home Foods" 8: 1339:Companies based in Morris County, New Jersey 1334:Food and drink companies established in 1996 920: 918: 916: 914: 912: 910: 697:. Bloomberg News. 12 Mar 1998. pp. D4. 245:, which was acquired by private equity firm 19: 1022: 1008: 1000: 345:-based ConAgra Grocery Products division. 25: 18: 794:"Weston sells B.C. canned fish business" 555: 553: 601:"IHF trod a rocky road to ConAgra sale" 532:"Investor Hicks announces 2 mega-deals" 463: 7: 14: 927:"ConAgra expands its food pantry" 452:Venice Maid canned pasta and soup 1305: 1304: 987: 887:McArdle, Patrick (24 Feb 2001). 501:"ConAgra sells seafood business" 72:American Home Foods division of 957:"Beans plant to shut its doors" 767:. Bloomberg News. 15 Aug 1998. 511:. 22 May 2003. pp. B5, B7 193:(80% 1996–1997, 43% 1997–2000) 20:International Home Foods, Inc. 16:American branded foods company 1: 1344:2000 mergers and acquisitions 925:Cole, Patrick (24 Jun 2000). 560:Kilman, Scott (26 Jun 2000). 322:in 1999 with its sale of the 251:C. Dean Metropoulos & Co. 247:Hicks, Muse, Tate & Furst 209:. It was acquired in 2000 by 191:C. Dean Metropoulos & Co. 187:Hicks, Muse, Tate & Furst 599:O'Reiley, Tim (7 Jul 2000). 473:"Giving old brands new life" 471:Harwell, Drew (3 Nov 2014). 241:spun off its food business, 973:– via Newspapers.com. 955:Fuquay, Jim (15 Sep 2006). 941:– via Newspapers.com. 903:– via Newspapers.com. 858:. 24 Jun 2000. p. C3. 734:. 28 May 1998. p. D3. 615:– via Newspapers.com. 546:– via Newspapers.com. 530:Fuquay, Jim (24 Jun 2000). 519:– via Newspapers.com. 489:– via Newspapers.com. 318:and later that year raised 314:and Paramount in 1999 from 85:; 27 years ago 1360: 449:canned tomatoes and chilis 295:canned meat business from 1288: 24: 1260:International Home Foods 994:International Home Foods 962:Fort Worth Star-Telegram 536:Fort Worth Star-Telegram 255:International Home Foods 203:International Home Foods 326:fruit spreads brand to 261:to acquire 80% of IHF. 1265:Lincoln Snacks Company 239:American Home Products 207:Parsippany, New Jersey 129:Parsippany, New Jersey 74:American Home Products 1174:Orville Redenbacher's 1099:David Sunflower Seeds 363:Campfire marshmallows 996:at Wikimedia Commons 373:Clover Leaf Seafoods 1059:Angie's Kettle Corn 933:. pp. 2–1, 2–2 636:Wall Street Journal 567:Wall Street Journal 243:American Home Foods 225:cooking spray, and 21: 386:Grist Mill cereals 359:Bumble Bee Seafood 343:Irvine, California 316:George Weston Ltd. 257:. The latter paid 219:Bumble Bee Seafood 161:Bumble Bee Seafood 144:(chairman and CEO) 83:November 1996 1316: 1315: 1299:Canada and Mexico 1293:Frozen foods only 1169:Marie Callender's 1139:Hunt's Snack Pack 992:Media related to 965:. pp. 1C, 3C 538:. pp. 1C, 2C 443:Ranch Style Beans 431:Paramount seafood 200: 199: 1351: 1308: 1307: 1239:Wolf Brand Chili 1024: 1017: 1010: 1001: 991: 975: 974: 972: 970: 952: 943: 942: 940: 938: 922: 905: 904: 902: 900: 884: 875: 874: 872: 870: 842: 836: 835: 833: 831: 816: 810: 809: 807: 805: 790: 784: 783: 781: 779: 757: 751: 750: 748: 746: 732:Associated Press 720: 714: 713: 711: 709: 687: 681: 680: 678: 676: 661: 655: 654: 652: 650: 628: 617: 616: 614: 612: 596: 587: 586: 584: 582: 557: 548: 547: 545: 543: 527: 521: 520: 518: 516: 497: 491: 490: 488: 486: 468: 383:Dennison's chili 340: 333: 321: 302: 290: 278: 271: 263:Dean Metropoulos 260: 217:pasta products, 142:Dean Metropoulos 108: 106: 93: 91: 86: 29: 22: 1359: 1358: 1354: 1353: 1352: 1350: 1349: 1348: 1319: 1318: 1317: 1312: 1303: 1302: 1284: 1243: 1129:Hebrew National 1094:Crunch 'n Munch 1040: 1033: 1028: 984: 979: 978: 968: 966: 954: 953: 946: 936: 934: 931:Chicago Tribune 924: 923: 908: 898: 896: 886: 885: 878: 868: 866: 844: 843: 839: 829: 827: 818: 817: 813: 803: 801: 792: 791: 787: 777: 775: 759: 758: 754: 744: 742: 722: 721: 717: 707: 705: 689: 688: 684: 674: 672: 663: 662: 658: 648: 646: 638:. 24 Jun 2000. 630: 629: 620: 610: 608: 598: 597: 590: 580: 578: 559: 558: 551: 541: 539: 529: 528: 524: 514: 512: 499: 498: 494: 484: 482: 478:Chicago Tribune 470: 469: 465: 460: 455: 378:Crunch 'n Munch 351: 339:US$ 2.9 billion 338: 332:US$ 2.2 billion 331: 320:US$ 9.6 million 319: 301:US$ 126 million 300: 288: 277:US$ 100 million 276: 270:US$ 163 million 269: 259:US$ 1.2 billion 258: 235: 196: 175: 138: 131: 104: 102: 89: 87: 84: 48: 17: 12: 11: 5: 1357: 1355: 1347: 1346: 1341: 1336: 1331: 1329:Conagra Brands 1321: 1320: 1314: 1313: 1301: 1300: 1297: 1294: 1290: 1289: 1286: 1285: 1283: 1282: 1277: 1272: 1270:Pinnacle Foods 1267: 1262: 1257: 1255:Beatrice Foods 1251: 1249: 1245: 1244: 1242: 1241: 1236: 1231: 1226: 1221: 1216: 1211: 1206: 1201: 1196: 1191: 1186: 1181: 1176: 1171: 1166: 1161: 1156: 1151: 1146: 1141: 1136: 1131: 1126: 1124:Healthy Choice 1121: 1116: 1111: 1106: 1101: 1096: 1091: 1086: 1081: 1076: 1071: 1066: 1061: 1056: 1051: 1045: 1043: 1035: 1034: 1031:Conagra Brands 1029: 1027: 1026: 1019: 1012: 1004: 998: 997: 983: 982:External links 980: 977: 976: 944: 906: 876: 851:New York Times 837: 811: 785: 765:New York Times 752: 728:New York Times 715: 695:New York Times 682: 656: 618: 588: 549: 522: 492: 481:. pp. 2–3 462: 461: 459: 456: 454: 453: 450: 444: 441: 438: 432: 429: 423: 420: 414: 408: 405: 399: 393: 387: 384: 381: 375: 370: 364: 361: 355: 350: 347: 289:US$ 39 million 234: 231: 198: 197: 195: 194: 183: 181: 177: 176: 174: 173: 168: 163: 158: 152: 150: 146: 145: 139: 136: 133: 132: 127: 125: 121: 120: 114: 110: 109: 101:June 2000 99: 95: 94: 81: 77: 76: 70: 66: 65: 60: 56: 55: 49: 44: 41: 40: 35: 31: 30: 15: 13: 10: 9: 6: 4: 3: 2: 1356: 1345: 1342: 1340: 1337: 1335: 1332: 1330: 1327: 1326: 1324: 1311: 1298: 1295: 1292: 1291: 1287: 1281: 1280:Thanasi Foods 1278: 1276: 1273: 1271: 1268: 1266: 1263: 1261: 1258: 1256: 1253: 1252: 1250: 1246: 1240: 1237: 1235: 1232: 1230: 1229:Thanasi Foods 1227: 1225: 1222: 1220: 1217: 1215: 1212: 1210: 1207: 1205: 1202: 1200: 1197: 1195: 1192: 1190: 1187: 1185: 1182: 1180: 1177: 1175: 1172: 1170: 1167: 1165: 1162: 1160: 1157: 1155: 1152: 1150: 1147: 1145: 1142: 1140: 1137: 1135: 1132: 1130: 1127: 1125: 1122: 1120: 1117: 1115: 1114:Fiddle Faddle 1112: 1110: 1107: 1105: 1102: 1100: 1097: 1095: 1092: 1090: 1089:Chef Boyardee 1087: 1085: 1082: 1080: 1077: 1075: 1072: 1070: 1067: 1065: 1062: 1060: 1057: 1055: 1052: 1050: 1047: 1046: 1044: 1042: 1036: 1032: 1025: 1020: 1018: 1013: 1011: 1006: 1005: 1002: 995: 990: 986: 985: 981: 964: 963: 958: 951: 949: 945: 932: 928: 921: 919: 917: 915: 913: 911: 907: 895:. p. A12 894: 890: 883: 881: 877: 865: 861: 857: 853: 852: 847: 841: 838: 826:. 14 Jan 1999 825: 821: 815: 812: 799: 795: 789: 786: 774: 770: 766: 762: 756: 753: 741: 737: 733: 729: 725: 719: 716: 704: 700: 696: 692: 686: 683: 671:. 17 Nov 1997 670: 666: 660: 657: 645: 641: 637: 633: 627: 625: 623: 619: 606: 602: 595: 593: 589: 577: 573: 569: 568: 563: 556: 554: 550: 537: 533: 526: 523: 510: 509:Knight Ridder 506: 502: 496: 493: 480: 479: 474: 467: 464: 457: 451: 448: 445: 442: 440:Puritan stews 439: 437:fruit spreads 436: 433: 430: 428:cooking spray 427: 424: 421: 418: 415: 412: 409: 406: 403: 400: 397: 394: 391: 388: 385: 382: 379: 376: 374: 371: 368: 367:Chef Boyardee 365: 362: 360: 357: 356: 354: 348: 346: 344: 335: 329: 328:B&G Foods 325: 317: 313: 308: 304: 298: 294: 286: 282: 273: 266: 264: 256: 252: 248: 244: 240: 232: 230: 228: 224: 220: 216: 215:Chef Boyardee 212: 211:ConAgra Foods 208: 204: 192: 188: 185: 184: 182: 178: 172: 169: 167: 164: 162: 159: 157: 156:Chef Boyardee 154: 153: 151: 147: 143: 140: 134: 130: 126: 122: 119: 118:ConAgra Foods 115: 111: 100: 96: 82: 78: 75: 71: 67: 64: 61: 57: 53: 50: 47: 42: 39: 36: 32: 28: 23: 1259: 1248:Acquisitions 1179:P.F. Chang's 967:. Retrieved 960: 935:. Retrieved 930: 897:. Retrieved 892: 867:. Retrieved 849: 840: 828:. Retrieved 823: 814: 802:. Retrieved 800:. 4 Jan 1999 797: 788: 776:. Retrieved 764: 755: 743:. Retrieved 727: 718: 706:. Retrieved 694: 685: 673:. Retrieved 668: 659: 647:. Retrieved 635: 609:. Retrieved 607:. p. B1 605:Daily Record 604: 579:. Retrieved 565: 540:. Retrieved 535: 525: 513:. Retrieved 504: 495: 483:. Retrieved 476: 466: 413:canned foods 404:canned meats 352: 336: 309: 305: 274: 267: 254: 253:and renamed 242: 236: 202: 201: 124:Headquarters 116:Acquired by 34:Company type 1149:Kid Cuisine 1109:Egg Beaters 1084:Blue Bonnet 1064:Armour Star 1054:Andy Capp's 1039:Brands and 824:Food Online 312:Clover Leaf 283:subsidiary 69:Predecessor 1323:Categories 1234:Van Camp's 1224:Swiss Miss 893:Daily Item 505:Times-News 458:References 407:Louis Kemp 137:Key people 54:: IHF 1296:U.S. only 1199:Reddi-Wip 1194:Poppycock 1144:Jiffy Pop 1104:Del Monte 1079:Birds Eye 1041:divisions 864:0362-4331 773:0362-4331 740:0362-4331 703:0362-4331 669:Bloomberg 644:0099-9660 576:0099-9660 396:Jiffy Pop 229:mustard. 46:Traded as 1310:Category 1214:Slim Jim 1209:Ry-Krisp 1119:Gulden's 1074:Bertolli 798:CBC News 390:Gulden's 281:Unilever 227:Gulden's 171:Gulden's 59:Industry 1275:Ralcorp 1219:Swanson 1164:Manwich 1159:Libby's 1154:La Choy 1069:Banquet 856:Reuters 435:Polaner 422:Orleans 402:Libby's 398:popcorn 392:mustard 380:popcorn 324:Polaner 293:Libby's 233:History 105:2000-06 103: ( 98:Defunct 90:1996-11 88: ( 80:Founded 1204:Ro-Tel 1189:Parkay 1134:Hunt's 1049:Act II 862:  771:  738:  701:  642:  574:  447:Ro-Tel 419:cereal 411:Luck's 349:Brands 297:NestlĂ© 285:Lipton 180:Owners 149:Brands 38:Public 969:2 Mar 937:2 Mar 899:2 Mar 869:2 Mar 830:2 Mar 804:2 Mar 778:2 Mar 745:2 Mar 708:2 Mar 675:2 Mar 649:2 Mar 611:2 Mar 581:2 Mar 542:2 Mar 515:2 Mar 485:2 Mar 417:Maypo 369:pasta 971:2022 939:2022 901:2022 871:2022 860:ISSN 832:2022 806:2022 780:2022 769:ISSN 747:2022 736:ISSN 710:2022 699:ISSN 677:2022 651:2022 640:ISSN 613:2022 583:2022 572:ISSN 544:2022 517:2022 487:2022 299:for 287:for 249:and 189:and 113:Fate 63:Food 52:NYSE 1184:PAM 426:PAM 223:PAM 166:PAM 1325:: 959:. 947:^ 929:. 909:^ 891:. 879:^ 854:. 848:. 822:. 796:. 763:. 730:. 726:. 693:. 667:. 634:. 621:^ 603:. 591:^ 570:. 564:. 552:^ 534:. 507:. 503:. 475:. 334:. 303:. 221:, 1023:e 1016:t 1009:v 873:. 834:. 808:. 782:. 749:. 712:. 679:. 653:. 585:. 107:) 92:)

Index


Public
Traded as
NYSE
Food
American Home Products
ConAgra Foods
Parsippany, New Jersey
Dean Metropoulos
Chef Boyardee
Bumble Bee Seafood
PAM
Gulden's
Hicks, Muse, Tate & Furst
C. Dean Metropoulos & Co.
Parsippany, New Jersey
ConAgra Foods
Chef Boyardee
Bumble Bee Seafood
PAM
Gulden's
American Home Products
Hicks, Muse, Tate & Furst
C. Dean Metropoulos & Co.
Dean Metropoulos
Unilever
Lipton
Libby's
Nestlé
Clover Leaf

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