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On January 29, 2014, Pinnacle Foods Inc. (NYSE: PF) (“Pinnacle Foods”) entered into a definitive agreement with Duncan Hines co-packer Gilster Mary Lee (“Gilster”) to acquire the Duncan Hines manufacturing business located in Centralia, Illinois. Duncan Hines manufacturing has been under a long-term co-packing contract with Gilster since 1998, and the Centralia facility has only produced Duncan Hines products since that time. The acquisition will enable Pinnacle to cost-effectively invest in the ...
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