Back to Nature divestment represents strategic departure from snacks.

Company divested Back to Nature this past December.

While the broader market lost ground, the GBFSI hit a record high.

Acquisition is part of Barilla’s effort to expand its US presence.

Seeking to sell Back to Nature business to focus on core strategy.

Andrew Vogel also will head the company’s new Meals division.

Specialty business unit could see divestitures in future.

Pricing actions to offset higher freight, fuel and energy costs come too late.

New organization will feature four business units.

Net income falls 12% in first quarter.