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Conagra in Talks to Sell Hebrew National to JBS -- Update


Hebrew National may soon answer to a different authority.
Conagra Brands Inc. is in talks to sell the famous hot dog brand to Brazil s JBS SA, people familiar with the matter said.
A deal, which the people said could also include the Egg Beaters and Odom s Tennessee Pride brands, could be valued at around $700 million. Any agreement is likely weeks away and Conagra could end up keeping the business or selling it to someone else, the people cautioned.
Conagra in April 2019 said Hebrew National s sales over the previous year were $170 million, and Egg Beaters were $78 million. But the kosher hot dog s popularity and cultural cache transcend the brand s size, thanks in part to its long-running slogan, We answer to a higher authority. ....

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