Pinnacle Foods, Inc., by way of its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America. The Company’s products have a rich history with North American consumers. Pinnacle’s products are found in 85% of U.S. households. Moreover, these products are leaders in their respective categories. Pinnacle Foods is based in in Parsippany, New Jersey.
Pinnacle Foods’ well-known products hold the #1 or #2 market share position in 10 of the 12 categories in which the Company competes. Its iconic brands include:
- Duncan Hines
- Van de Kamp’s
- Log Cabin
- Tim’s® Cascade Snacks
- Birds Eye and Birds Eye Voila! And Birds Eye C&W
- Aunt Jemima
- Armour® Star canned meats
- Hawaiian® Kettle Style Potato Chips and Snack Rings
Moreover, its brands include:
- Snyder® of Berlin
- Bernstein’s® salad dressing
- Celeste® Pizza-for-One
- Open Pit® BBQ sauces
- Smart Balance
- Earth Balance®
- Udi’s Gluten Free Foods
- EVOL Foods
Regarding its brands, the Company’s Duncan Hines® product line-up features the #1 selling cake mix in the United States – Classic Yellow Moist Deluxe Cake Mix. Mrs. Butterworth’s® syrup came to the marketplace in 1961. Pinnacle’s Hungry-Man® Frozen Dinners were brought to market in 1973 with an emphasis on male consumers desiring heartier portions. Moreover, the Company’s Birds Eye® became the first brand to introduce steam-in-the bag technology. This was with the introduction of the Birds Eye® Steamfresh® brand.
Pinnacle Foods sells its diverse product family via supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, natural and organic food stores, drug stores, and warehouse clubs in the U.S. and Canada.
Recently, Pinnacle Foods announced the appointment of Mr. Michael E. Allen to the position of Executive Vice President (EVP) and President, Boulder, effective September 19, 2016. Mr. Allen will report to Chief Executive Officer (CEO) Mr. Mark Clouse and replace Mr. Phil Anson, interim Boulder General Manager and founder of EVOL® frozen foods. Mr. Allen will have full responsibility for Pinnacle Foods’ Boulder segment. He is a food industry veteran with considerable experience leading health and wellness brands. Mr. Allen joins Pinnacle Foods from the Kellogg Company where he most recently held the position of President, Morning Foods Division.
In January of 2016, Pinnacle Foods completed its acquisition of Boulder Brands. In 2013, Boulder Brands acquired Evol Foods (Boulder, Colorado-headquartered). Evol Foods offers a suite of frozen single-serve and multi-serve meals, burritos, street tacos, as well as breakfast sandwiches. Pinnacle Foods intention is to close its Evol Foods plant in Boulder, Colorado. The Company plans to transfer production to an existing Company plant in Fayetteville, Arkansas. Pinnacle Foods’ intention is to invest in the plant in Fayetteville to enhance the plant’s manufacturing capabilities.
In Q2 of 2016, Net Sales for the Birds Eye Frozen segment grew 6.1% to $285.2 million versus $268.9 million in the prior year period. Boulder Brands contributed $122.6 million in Net Sales in Q2 of 2016. Retail consumption continued to move ahead in comparison to the prior year for the Glutino, Udi’s, Earth Balance and EVOL brands.
Pinnacle Foods is ranked on Fortune Magazine’s 2015 Top 1000 companies list.