Conagra Brands Announces $220M Expansion of Arkansas Production Facility

Conagra Brands, Inc. (NYSE:CAG) is included among the 14 Low PE High Dividend Stocks to Buy Right Now.

Conagra Brands Announces $220M Expansion of Arkansas Production Facility

On March 6, Conagra Brands, Inc. (NYSE:CAG) announced plans to expand its manufacturing facility in Fayetteville, Arkansas. The company will invest about $220 million in the project over several years. The expansion is expected to create more than 100 new jobs during the next five years. The company said the move will support the local manufacturing workforce and contribute to the region’s economy.

Craig Weiss, senior vice president, supply chain, Conagra Brands, made the following statement:

“This significant investment in our Fayetteville facility will allow us to continue to grow our leading frozen foods business. Conagra is committed to investing in innovation across the company, including our supply chain. We are also pleased to continue growing in Fayetteville, where Conagra has a long history.”

Conagra plans to begin construction later this year at the Fayetteville site. The goal is to significantly increase the facility’s chicken production capacity. The company said the investment reflects its long-term commitment to the Fayetteville community. It also supports future growth and product innovation within its protein portfolio. The Fayetteville facility currently produces ready-to-eat meals for several brand labels. These include Hungry-Man, Banquet, Healthy Choice, Gardein, and evol. Each year, the site produces about 15 million cases of product.

Conagra Brands, Inc. (NYSE:CAG) is a branded food company. Its operations are organized into several segments, including Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment includes branded shelf-stable food products sold through various retail channels across the United States.

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