Dial Sells Armour Foods Business to Pinnacle

Henkel�s Dial Corp. unit has sold its Armour Foods business, which produces canned meat and prepared meals, for $183 million to Pinnacle Foods Group Inc., whose brands include Lender's bagels, Swanson frozen dinners and Log Cabin syrup.

The Armour Foods business, which includes brands like Armour Vienna Sausage, had sales of some $230 million last year.

"Having evaluated different strategic options, we became convinced that the sale of the foods business was the best solution for our company," Henkel chief executive Ulrich Lehner said. "This step will enable us to concentrate on our core businesses in home and personal care."

Pinnacle Foods, based in Cherry Hill, N.J., also markets Hungry Man frozen dinners, Van de Kamp's and Mrs. Paul's frozen seafood, Duncan Hines baking mixes, Vlasic pickles and Mrs. Butterworth's syrups and pancake mixes.

Lehner described Pinnacle as "a strategic buyer that will offer good prospects for Armour going forward."

Dial, based in Scottsdale, Ariz., has been part of Henkel since March 2004. Henkel said Dial's food division employs about 480 people at the company's site in Fort Madison, Iowa.

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Dial Sells Armour Foods Business to Pinnacle

Dial Sells Armour Foods Business to Pinnacle

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