Earlier today, Blackstone announced that one of its holdings, Pinnacle, would be acquiring Birds Eye Foods, maker of Duncan Hines, Snyder, Swanson and other brands. The details of the transaction, which the WSJ summarized succinctly, provide specifics on the $1.3 billion deal. But how adept is Pinnacle at cutting costs from a procurement perspective and will the Birds Eye deal enable them to realize significant operating cost synergies tied to Spend Management?
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- Pinnacle Foods Group Buys Birds Eye Foods for $1.3 billion (businesspundit.com)
- Blackstone to Acquire Birds Eye (online.wsj.com)
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