On June 20, 2011, Foster's Group Limited received and promptly rejected an unsolicited, non-binding and conditional proposal from SABMiller plc to acquire all of Foster's shares.
John P. Bilbrey has more than 30 years of global consumer packaged goods experience at companies like Mission Foods, Danone Waters of North America and Procter & Gamble.
This transaction fits into ConAgra Foods' acquisition strategy, which seeks to add depth and strength to its existing product lines in key strategic pillars such as convenient meals, snacks and meal enhancers.
While the Wienermobile vehicle has been surprising and delighting people for 75 years, this will be the first time part of the fleet is serving hot dogs.
The merger creates a larger business with a complementary portfolio of high-quality bakery products and deepens Flowers' penetration of the estimated $4 billion U.S. snack cake category.
