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Encyclopedia > ConAgra Foods
ConAgra Foods, Inc.
Type Public (NYSECAG)
Founded Omaha, Nebraska (1919)
Headquarters Omaha, Nebraska
Key people Gary Rodkin, President & CEO
Industry Food processing
Products Raw and prepared foods
Revenue $12.028 billion USD (2007)
Employees 24,500
Slogan The right kind of food company
Website www.conagra.com

ConAgra Foods, Inc. (NYSECAG) is one of North America's largest packaged foods companies. ConAgra's products are available in supermarkets, as well as restaurants and food service establishments. Its headquarters are located in Omaha, Nebraska. This article does not cite any references or sources. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... “Omaha” redirects here. ... “Omaha” redirects here. ... Gary Rodkin is the current CEO and President of ConAgra, one of the largest food processing companies in North America. ... Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... Look up slogan in Wiktionary, the free dictionary. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... North America North America is a continent[1] in the Earths northern hemisphere and (chiefly) western hemisphere. ... Exterior of a typical British supermarket (a Tesco Extra) Exterior of typical North American supermarket (a Safeway) This Flagship Randalls store in Houston, Texas is an example of an upscale supermarket. ... Toms Restaurant, a restaurant in New York made familiar by Suzanne Vega and the television sitcom Seinfeld A restaurant is an establishment that serves prepared food and beverages to order, to be consumed on the premises. ... Foodservice is a business term which is mostly synonymous with catering. ... Omaha is the name of some places in the United States: *Omaha, Nebraska (the most familiar one) Omaha, Georgia Omaha, Illinois Omaha, Texas It is also the name of a Native American tribe, after which the city in Nebraska is named; see Omaha (tribe). ... Official language(s) English Capital Lincoln Largest city Omaha Largest metro area Omaha Area  Ranked 16th  - Total 77,421 sq mi (200,520 km²)  - Width 210 miles (340 km)  - Length 430 miles (690 km)  - % water 0. ...

Contents

History

ConAgra was founded in 1919 by Alva Kinney, who brought together four grain mills as Nebraska Consolidated Mills. In 1940, it began producing flour at its own mill, and in 1942 ventured into the livestock feed business. Consolidated Mills funded the establishment of Duncan Hines in 1951 as a way to market more flour by selling cake mixes. This venture was very successful, in fact now they are the third largest flour miller, but did not lead Consolidated to consider other food ventures. Instead, they sold their assets in Duncan Hines to Procter & Gamble in 1956. As American households purchased more and more prepared and instant foods in the 1950s and 1960s, Consolidated chose not to expand into the businesses that used their flour, instead turning in the opposite direction and focusing more on raw foods like poultry and expanding its livestock feed business. Founder of ConAgra Foods, formerly known as Nebraska Consolodated Mills ... For other uses, see Flour (disambiguation). ... Duncan Hines (March 26, 1880–March 15, 1959) was a U.S. pioneer of restaurant ratings for travelers. ... Procter & Gamble Co. ...


In 1971, Consolidated Mills changed its name to ConAgra, a combination of con for consolidated and agra meaning from the earth in Latin. The 1970s brought the company to the brink of ruin as it lost money expanding into the fertilizer, catfish, and pet product industries and as commodity speculation wiped out ConAgra's margins on raw foods. In 1974, Charles M. Harper ("Mike" Harper), an experienced food industry executive, took over the firm and brought it back from the brink of bankruptcy. Nonetheless, ConAgra's business model left it at the mercy of volatile commodity prices. In response, the company set off on a two-decade-long buying spree, purchasing over one hundred prepared food brands starting with its 1980 purchase of Banquet Foods. It moved heavily into the frozen food business and the packaged meat industry, and then picked up a selection of other brands from firms like RJR Nabisco and Beatrice Foods among others, as the leveraged buyouts of the 1980s resulted in the divestiture or breakup of many major American consumer product firms. In 1993 alone it purchased $500 million in smaller firms, and in 1998 it purchased another $480 million in brands from Nabisco. Consolidated may refer to: Consolidated (band) Consolidated Aircraft (later Convair) the aircraft manufacturer This is a disambiguation page — a navigational aid which lists pages that might otherwise share the same title. ... , stop erasing thisAgra   (Hindi: , Urdu: ), (IPA: ) is a city on the banks of the Yamuna River in Uttar Pradesh, India. ... Banquet logo used from 1999 to 2006. ... RJR Nabisco, Inc. ... The Beatrice Foods Company was a major American food processing company and household name, until it was taken over by Kohlberg Kravis Roberts & Co. ... A leveraged buyout (or LBO, or highly-leveraged transaction (HLT), or bootstrap transaction) occurs when a financial sponsor gains control of a majority of a target companys equity through the use of borrowed money or debt. ... The United States dollar is the official currency of the United States. ... The United States dollar is the official currency of the United States. ... Nabisco logo Nabisco is an American manufacturer of cookies and snacks, including brands such as Chips Ahoy!, Fig Newtons, Mallomars, Oreos, Premium Crackers, Ritz Crackers, Teddy Grahams, Triscuits, Wheat Thins, and Chicken in a Biskit. ...


Governance

The board of directors are: Mogens Bay, Stephen Butler, John Chain, Steven Goldstone, Alice Hayes, W.G. Jurgensen, Ruth Ann Marshall, Mark Rauenhorst, Carl Reichardt, Gary Rodkin, Ronald Roskens, Andrew Schinler and Kenneth Stinson [1]. In relation to a company, a director is an officer (that is, someone who works for the company) charged with the conduct and management of its affairs. ... John T. Chain, Jr. ... Steven F. Goldstone currently manages Silver Spring Group, a private investment firm, since 2000. ... Gary Rodkin is the current CEO and President of ConAgra, one of the largest food processing companies in North America. ...


Major brands

ConAgra produces a wide array of food products, including cooking oil, frozen dinners, hot cocoa, hot dogs, peanut butter and many others. Some of ConAgra's major brands include This article is a list of brands under the North American packaged foods company ConAgra Foods, Inc. ... A TV Dinner (also called frozen dinner, microwave meal or ready meal) is a prepackaged, frozen or chilled meal which usually comes in an individual package. ... This article is about cocoa, the food. ... This article contains a trivia section. ... Peanut butter in a jar. ...

Healthy Choice is the name of a brand of refrigerated and frozen foods owned by ConAgra Foods, Inc. ... Kid Cuisine is a brand of pre-packaged frozen dinners for children, marketed by ConAgra Foods, Inc. ... Marie Callenders is a chain of 139 restaurants located in the western United States. ... Hebrew National is a brand of kosher hot dogs and sausages made by ConAgra Foods, Inc. ... Hunts is the name of a brand of tomato sauce made by ConAgra Foods, Inc. ... An image of Orville Redenbacher on a popcorn container Image:Bci oriville 1. ... Peter Pan is a brand of peanut butter produced by ConAgra Foods and named after the J.M. Barrie character. ... Swiss Miss is a brand name for cocoa powder and pudding products sold by American food giant, ConAgra Foods, Inc. ... Wesson is a town in Mississippi. ...

Social and environmental record

Environmental record

ConAgra has been criticized for its lack of response to global warming. A 2006 report by CERES, a non-profit organization that works to address global climate change and other sustainability issues, titled "Corporate Governance and Climate Change: Making the Connection," measures how 100 leading global companies are responding to global warming. Companies in the report were evaluated on a 0 to 100 scale. ConAgra scored a total of 4 points, the lowest of any of the food companies rated.[2] Look up Ceres in Wiktionary, the free dictionary. ...


In 2003-2004, ConAgra participated in a Minnesota Pollution Control Agency voluntary investigation and clean-up program. Through the program, the company cleaned up a property previously used for lithium ore processing and constructed a new 80,000 square foot (7,000 m²) office/warehouse building. [3]


Labor record

In May 2003, ConAgra and its subsidiary Gilroy Foods agreed to pay $1.5 million to settle charges of hiring discrimination brought by the Equal Employment Opportunity Commission (EEOC). The charges involved a July 1999 Teamsters strike at a plant in King City, then owned by Basic Vegetable Products LP but later purchased by ConAgra. In August 2001, the company successfully negotiated with the union to end the two-year strike with a new contract that would recall workers based on seniority. However, the recall process excluded workers who were on leave at the time of the purchase including those out due to work injury or pregnancy. Others were denied jobs due to a history of previous injury or illness, despite their having no restrictions on returning to work. According to the EEOC, most of the 39 workers who were excluded from the recall process had been working at the plant for 10 to 20 years and were primarily Hispanic and female. [4] The Equal Employment Opportunity Commission, or EEOC, is a United States federal agency tasked with ending employment discrimination in the United States. ... The International Brotherhood of Teamsters (IBT), formerly known by the name International Brotherhood of Teamsters, Chauffeurs, Warehousemen and Helpers of America, is one of the largest labor unions in the United States. ... Hispanic flag, not widely used. ...


The company's Greeley Colorado plant had been cited almost 10 times from 1999 to 2002 for violating worker safety[5]. Greeley is a city located in Weld County, Colorado. ... Official language(s) English Capital Denver Largest city Denver Largest metro area Denver-Aurora Metro Area Area  Ranked 8th  - Total 104,185 sq mi (269,837 km²)  - Width 280 miles (451 km)  - Length 380 miles (612 km)  - % water 0. ...


Health record

In 2001, the U.S. Department of Agriculture halted operations at two ConAgra plants because of health violations. The company was threatened with shutdowns at least a half dozen more times. [citation needed] The ConAgra facility in Longmont, Colorado, had the highest rate of salmonella among all the turkey processors tested by the Department during 2001. Nearly half of the turkeys processed at ConAgra’s Longmont, Colorado, facility were contaminated with harmful Salmonella bacteria, compared with a rate of 13 percent for the industry at large.[6] The U.S. Department of Agriculture, also called the Agriculture Department, or USDA, is a Cabinet department of the United States Federal Government. ... Longmont is a city located in Boulder County, Colorado. ...


In 2002, ConAgra, together with other major food and beverage companies including PepsiCo, General Mills, Kellogg, Sara Lee, and H.J. Heinz Co., spent heavily to defeat Oregon's measure 27, which would have required food companies to label products that contain genetically modified ingredients.[7] According to the Oregon Secretary of State, ConAgra contributed $71,000 to the campaign to defeat the ballot initiative.[8] PepsiCo, Incorporated (NYSE: PEP) is a global American beverage and snack company. ... General Mills (NYSE: GIS) is a Fortune 500 corporation, mainly concerned with food products, which is headquartered in Golden Valley, Minnesota, a suburb of Minneapolis. ... For other things with Kellogg in the name, see Kellogg (disambiguation). ... Sara Lee Corporation (NYSE: SLE) is an American consumer-goods company based in Illinois. ... H. J. Heinz Company, commonly known as just Heinz, famous for its 57 Varieties slogan, was founded in 1869 by Henry John Heinz in Sharpsburg, Pennsylvania. ... Official language(s) (none)[1] Capital Salem Largest city Portland Area  Ranked 9th  - Total 98,466 sq mi (255,026 km²)  - Width 260 miles (420 km)  - Length 360 miles (580 km)  - % water 2. ...


Ethical record

In 1997 ConAgra pled guilty to federal criminal charges that its Peavey Grain unit illegally sprayed water on stored grain to increase its weight and value and also bribed Federal inspectors. The company agreed to pay $8.3 million to resolve the charges, which included a $4.4 million criminal fine, $3.45 million as compensation for illegal profits and $450,000 to reimburse the U.S. Department of Agriculture for storage and investigation expenses. ConAgra had also paid $2 million to settle a related civil case filed by a group of Indiana farmers. [9] Multinational Monitor, a corporate watchdog organization, named ConAgra one of the 'Top 100 Corporate Criminals of the 1990s'.[10] The word grain has several meanings, most being descriptive of a small piece or particle. ... The U.S. Department of Agriculture, also called the Agriculture Department, or USDA, is a Cabinet department of the United States Federal Government. ...


Notable recalls

Potentially salmonella-contaminated jar of Peter Pan peanut butter with "2111" product code.

ConAgra recalled 19 million pounds of ground beef in July of 2002 with bacterial contamination. It was the third-largest recall up to that time. That meat was linked to the illnesses of 19 people in six Western and Midwestern states. [1] Image File history File links Size of this preview: 425 × 600 pixelsFull resolution (1834 × 2588 pixel, file size: 729 KB, MIME type: image/jpeg) Mmmmm!! yum! potentially salmonella contaminated jar of Peter Pan with 2111 product code. ... Image File history File links Size of this preview: 425 × 600 pixelsFull resolution (1834 × 2588 pixel, file size: 729 KB, MIME type: image/jpeg) Mmmmm!! yum! potentially salmonella contaminated jar of Peter Pan with 2111 product code. ... Species Salmonella bongori Salmonella enterica Salmonella arizonae Salmonella enteritidis Salmonella typhi Salmonella typhimurium Salmonella is a genus of rod-shaped Gram-negative enterobacteria that causes typhoid fever, paratyphoid fever, and foodborne illness. ... Peter Pan is a brand of peanut butter produced by ConAgra Foods and named after the J.M. Barrie character. ... Peanut butter in a jar. ... Image:Minced beef USDA.jpg Minced beef in industrial grinder Ground beef, beef mince or hamburger meat, is a meat product, made of beef finely chopped by a meat grinder. ...


In February of 2007, ConAgra recalled jars of Peter Pan and Great Value peanut butter with the product code "2111" on the lid; since Peter Pan (but not Great Value) is only made at one plant, this turned out to include all Peter Pan jars sold in the U.S. since May 2006. These jars were linked to a salmonella outbreak, that, as of February 15, 2007, has caused illness in 288 people in 39 states. [2] Peter Pan is a brand of peanut butter produced by ConAgra Foods and named after the J.M. Barrie character. ... Logo of WalMarts Equate brand Great Value is one of Walmarts many instore brands. ... Peanut butter in a jar. ... Species Salmonella bongori Salmonella enterica Salmonella arizonae Salmonella enteritidis Salmonella typhi Salmonella typhimurium Salmonella is a genus of rod-shaped Gram-negative enterobacteria that causes typhoid fever, paratyphoid fever, and foodborne illness. ...


See also

This article is a list of brands under the North American packaged foods company ConAgra Foods, Inc. ...

References

  1. ^ Conagra Foods Inc. 2007 Annual Report, 2007
  2. ^ http://www.ceres.org/pub/docs/Ceres_corp_gov_and_climate_change_0306.pdf
  3. ^ http://www.pca.state.mn.us/cleanup/vicstories.html#conagra
  4. ^ http://www.agobservatory.org/agribusiness_records.cfm?nID=67
  5. ^ Winter, Greg. "Beef Processor's Parent No Stranger to Troubles", New York Times, 2002-07-20. 
  6. ^ http://www.cspinet.org/new/foodsafety02_14_02.html
  7. ^ http://www.cropchoice.com/leadstrye184.html?recid=1013
  8. ^ http://www.coopamerica.org/programs/rs/profile.cfm?id=206
  9. ^ http://query.nytimes.com/gst/fullpage.html?res=9C0DE0DC1F38F933A15750C0A961958260
  10. ^ http://multinationalmonitor.org/mm1999/99july-aug/crime1.html

External links

  • ConAgra Foods, Inc. Web site

  Results from FactBites:
 
ConAgra Foods - Wikipedia, the free encyclopedia (570 words)
ConAgra Foods, Inc. NYSE: CAG is one of North America's largest packaged foods companies.
As American households purchased more and more prepared and instant foods in the 1950s and 1960s, Consolidated chose not to expand into the businesses that used their flour, instead turning in the opposite direction and focusing more on raw foods like poultry and expanding its livestock feed business.
It moved heavily into the frozen food business and the packaged meat industry, and then picked up a selection of other brands from firms like RJR Nabisco and Beatrice Foods among others, as the leveraged buyouts of the 1980s gutted and sold off many major American consumer product firms.
  More results at FactBites »


 

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