Thanasi Foods to be acquired by Conagra Brands

BOULDER — Conagra Brands Inc. (NYSE: CAG) has agreed to acquire Thanasi Foods LLC, maker of Duke’s meat snacks, and BIGS LLC, maker of BIGS seeds.

Financial terms of the deal were not disclosed. The transaction, subject to regulatory approval, is expected to close this summer.

The decision to be acquired stemmed from the high growth that Thanasi has seen in both of its brands, said Greg O’Neal, vice president of marketing for Thanasi.

“From the beginning of the business, we’ve had two hyper-growth brands in two categories, meat and seed,” O’Neal told BizWest in a phone interview.…