Richardson to Acquire Conagra’s Wesson Cooking OilThursday, January 17, 2019
Canadian agribusiness firm Richardson International announced last month that it had agreed to buy Wesson, Conagra’s U.S. retail brand of canola and vegetable cooking oils. Richardson is also set to acquire the Wesson production facility located in Memphis, Tennessee. Financial terms of the acquisition were not disclosed and the agreement subject to regulatory approval is expected to close in the first quarter of this year.
Richardson is Canada’s largest agribusiness and is a worldwide handler and merchandiser of grains and oilseeds, as well as a vertically integrated processor and manufacturer of oats and canola-based products. Conagra Brands is one of North America’s leading branded food companies.