Conagra Brands is selling Chef Boyardee to Brynwood Partners and portfolio company Hometown Foods for $600 million. The deal ...

Conagra Brands has agreed to sell the nearly century-old brand to private-equity firm Brynwood Partners for $600 million.

The sale comes as the CPG giant focuses on its core snacks and frozen meals offerings, including Slim Jim and Healthy Choice.

Chef Boyardee is a name synonymous with inexpensive canned food. With commercials dating back to the 1950s boasting about ...