Conagra Brands Inc. said it has entered into a definitive agreement to acquire the Sandwich Bros. of Wisconsin business, which produces frozen breakfast and entrée flatbread sandwiches. The transaction is expected to close in early 2018, subject to customary closing conditions, including the receipt of regulatory approvals.
"Adding the Sandwich Bros. business to our portfolio is another step in Conagra Brands' ongoing work to accelerate growth," said Sean Connolly, president and chief executive officer of Conagra Brands. "This acquisition will bring Conagra unique capabilities and expertise within the frozen handheld category, which we look forward to leveraging for further growth and extension into additional Conagra brands."
Sandwich Bros. flatbread pocket sandwiches offer consumers on-the-go convenience and are filled with proteins such as 100% Angus beef, chicken raised without antibiotics, all-natural sausage and real Wisconsin cheese. The family-owned business has seen rapid growth, with approximately $60 million in net sales for the 12 months ending November 2017.
"We are extremely proud of what our team has accomplished in a few short years and look forward to helping Conagra accelerate the growth of Sandwich Bros. products," said Salem Kashou, president of Sandwich Bros. and second-generation family member in the business.