International Home Foods

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International Home Foods was an American manufacturer, distributor and marketer of food products, acquired in June 2000 by ConAgra Foods in a $2.9 Billion dollar deal.[1] Its best known brands were Chef Boyardee pasta products, PAM cooking spray, Bumble Bee Seafood, and Gulden's mustard. International Home Foods was formed in Nov. 1996 when American Home Products spun off its food business, which was acquired by Hicks, Muse, Tate & Furst and C. Dean Metropoulos & Co. The latter paid $1.2 Billion to acquire 80% of International Home Foods, and grew it to annual sales of about $2.2 billion before the ConAgra acquisition.[2]