Hillshire Brands eying acquisitions in 2014
Hillshire Brands CEO Sean Connolly said that the company will look at making acquisitions next year and is focused on creating more chicken items as consumers demand healthy options.
“It’s a great acquisition environment,” Connolly said today at The Year Ahead: 2014, a two-day conference in Chicago sponsored by Bloomberg LP, the parent company of Bloomberg News and Bloomberg Businessweek.
Hillshire acquired Golden Island Jerky in September for $35 million.
The company is focused on health and is working on new chicken and turkey items to help boost sales, Connolly said.
There is a “continued trend toward wellness,” he said.