ConAgra Buying Frozen Food Maker American Pie

OMAHA, Neb. (AP) -- ConAgra Foods Inc. said Monday it's acquiring American Pie LLC, a maker of desserts and frozen dinners under the Marie Callender's and Claim Jumper brand names.

Terms of the deal were not disclosed. The acquisition is expected to close in 30 days.

American Pie makes pies, fruit cobblers and pie crusts under license from Marie Callender's and Claim Jumper. It also makes frozen dinners, pot pies and appetizers under the Claim Jumper brand.

The acquisition will add desserts to ConAgra's existing Marie Callendar's frozen food business of pot pies, frozen dinners and entrees. ConAgra has a license agreement with Marie Callender's Pie Shops Inc.

The purchase includes a production plant in Torrance, Calif. American Pie is headquartered in Woodbury, N.Y. All of American Pie's 125 employees are expected to join ConAgra.

Shares of ConAgra rose by 3 cents to $24.91 on Monday.

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