June 23/Woodbury, N.Y./Food & Farm Week -- ConAgra Foods Inc. has agreed to acquire the assets of American Pie LLC, based in Woodbury, N.Y. American Pie manufactures frozen fruit pies, thaw-and-serve pies, fruit cobblers and pie crusts under the licensed Marie Callender's and Claim Jumper trade names, as well as frozen dinners, pot pies and appetizers under the Claim Jumper trade name. Financial terms of the transaction, expected to close within 30 days, were not disclosed.
At close, the American Pie business will be managed as part of ConAgra Foods' existing Marie Callender's frozen business, within its Consumer Foods segment. The company's current Marie Callender's business includes pot pies and a wide array of single- and multi-serve frozen dinners and entrees, sales of which have increased 42% over the past five years, according to IRI data.