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Rick Bayless

Conagra to buy maker of Boomchickapop popcorn

Conagra to buy maker of Boomchickapop popcorn

Conagra Brands announced Friday it has entered into an agreement to buy the maker of Angie’s Boomchickapop popcorn, another step in the company’s ongoing efforts to modernize its portfolio of brands.

Chicago-based Conagra will acquire Angie’s Artisan Treats from private equity firm TPG Growth, pending regulatory approval. The deal’s expected to close by the end of the year. Terms were not disclosed.

For Conagra, best known for brands like Reddi-Wip, Slim Jim and Orville Redenbacher’s, the deal is in step with other recent acquisitions such as the Rick Bayless-led Frontera Foods last year and the maker of Duke’s meat snacks earlier this year. Under CEO Sean Connolly, Conagra...