ConAgra Foods Inc. of Omaha continues its transition from an agriculture to packaged foods company by selling its farm supply business, United Agri Products, to a private group led by management and a New York-based investment firm, Apollo Management, for $600 million in cash and securities

Arkansas Business, Nov 10, 2003

ConAgra Foods Inc. of Omaha continues its transition from an agriculture to packaged foods company by selling its farm supply business, United Agri Products, to a private group led by management and a New York-based investment firm, Apollo Management, for $600 million in cash and securities. United Agri, based in Greeley, Colo., produces seeds, fertilizers, pest and weed inhibitors and horticultural supply products.

It posted annual sales of approximately $2.5 billion in its latest fiscal year.