November 19/Mt. Lakes, N.J./Business Wire -- Pinnacle Foods Group LLC signed a definitive agreement to acquire Birds Eye Foods Inc. from a holding company controlled by Vestar Capital Partners, Pro-Fac Cooperative, and Birds Eye management in a transaction valued at $1.3 billion. Birds Eye Foods has more than $930 million of total sales and a number of consumer brands in frozen vegetables and meals, including Birds Eye, Birds Eye Steamfresh and Birds Eye Voila!, as well as shelf-stable brands including Comstock and Wilderness pie fillings and toppings, Nalley and Brooks chili and chili ingredients, and snacks from Tim's Cascade Snacks, Snyder of Berlin and Husman.
Pinnacle Foods, owned by private equity funds controlled by The Blackstone Group, manufactures and distributes branded packaged foods that can be found in 80% of U.S. households.