PENNSAUKEN, N.J. – J&J Snack Foods Corp. has agreed to acquire the frozen handheld business of ConAgra Foods for an undisclosed price. The acquired business sells dough-enrobed products under the brands Patio, Hands Full, Holly Ridge Bakery, Villa Taliano and Top Picks as well as private label brands.
The business has manufacturing facilities in Holly Ridge, N.C., and Weston, Ore. It has about $50 million in annual sales. J&J Snack Foods said it does expect the acquired business to contribute operating income over the short term. J&J expects the transaction to close in May.