ConAgra to acquire National Pretzel

OMAHA, Neb. — ConAgra Foods is acquiring a private-label pretzel maker, the company announced.

ConAgra said its acquisition of Lancaster, Pa.-based National Pretzel includes three bakeries located in Lancaster, Pa., Hanover, Pa., and Visalia, Calif. Additionally, more than 700 National Pretzel employees are expected to join ConAgra when the transaction closes, ConAgra noted.

The acquisition is expected to close within 30 days. Financial terms of the deal were not disclosed.