Conagra Brands, Inc. (NYSE:CAG) announced that it is exploring strategic alternatives for its Gelit Srl. Conagra Brands has engaged BNP Paribas to assist with this process. Conagra Brands has not set a timetable for the strategic process nor has it made any decisions relating to any strategic alternatives at this time, and no assurance can be given as to the outcome of the process.

Conagra Brands does not intend to disclose additional details unless and until further disclosure is appropriate or necessary.