date:Apr 23, 2014
US food company Hillshire Brands has signed a definitive agreement with Catterton Partners to acquire the latters Vans Natural Foods for $165m.
Van's is a better-for-you food brand whose portfolio includes multiple product lines in frozen breakfast and snack foods.
The transaction is expected to close in May this year, subject to regulatory clearance.
Hillshire Brands president and chief executive officer Sean Connolly said the Van's brand is a terrific addition to the company's portfolio.
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