ConAgra Sells LightLife Foods Unit To Private Equity Fund

ConAgra Foods has sold its Lightlife brand to a private equity fund that invests in North American lower middle market consumer companies. The Lightlife brand, founded 34 years ago, includes products such as vegetarian-based burgers, hot dogs and other meatless frozen and refrigerated foods. Brynnwood Partners also acquired the Lightlife manufacturing operation in Turners Falls, Mass. Terms and conditions of the transaction, which closed today, were not disclosed. Brynwood Partners in the past has acquired Sun Country Foods, Balance Bar Company, Richelieu Foods, Lincoln Snacks Company and Signature Snacks Company.