April 13/ConAgra -- ConAgra Foods has bought snack maker Elan Nutrition from private-equity firm Sun Capital Partners. The Elan Nutrition business will be integrated into ConAgra's store brands business, which primarily makes cereal and snack bars sold under retailer labels.
Financial terms of the transaction were not disclosed. ConAgra did say the acquisition will allow it to grow its private-label bar business through new product development and extra manufacturing capacity.