ConAgra Foods Announces the Renovation of Its Peanut Butter Plant and Enhanced Food Safety Measures

ConAgra Foods, Inc. (NYSE:CAG) today announced the measures it will take to reopen its Sylvester, Ga., plant, where its recalled peanut butter products were produced. The company also announced it is taking the following measures to continuously improve safety standards for all of its food products: Appointing a recognized and well-respected food safety expert to a leadership position, which will consolidate responsibility for existing and future companywide oversight of food safety initiatives and systems in a single position; and, Forming a Food Safety Advisory Committee composed of leading independent experts, uniquely positioned in the industry to help shape the company’s efforts. ConAgra Foods will take a number of steps to ensure that its peanut butter product returns to store shelves as quickly as possible. The company plans to reopen its Sylvester, Ga., facility in August after it thoroughly addresses all possible causes of the Salmonella outbreak. The company will also take this time to implement significant changes in the plant, including installing new, state-of-the-art machinery, technology and designs throughout the plant. While these plantwide upgrades are being put in place, the company will partner with a third-party, co-manufacturing facility that meets all standards for producing safe and quality products. ConAgra Foods will begin shipping Peter Pan Peanut Butter to retailers this summer. After an epidemiological study conducted by the Centers for Disease Control and Prevention showed a possible link between ConAgra Foods’ peanut butter and Salmonella, the company immediately initiated a recall from the market of 100 percent of its peanut butter products manufactured at its Sylvester, Ga., facility. An investigation into the possible cause of any contamination also was conducted, and the company believes that moisture inadvertently entered the production process and allowed the growth of low levels of dormant Salmonella in the environment that were likely present from raw peanuts or peanut dust. "We are truly sorry for any harm that our peanut butter products caused and intend to resolve claims related to peanut butter fairly and expeditiously,” said Gary Rodkin, ConAgra Foods’ chief executive officer. "We will make significant investment in and changes to the manufacturing environment to ensure this situation does not occur again. We are committed to the highest possible standards of food safety throughout our operations and believe the measures we are outlining today will clearly strengthen that foundation.” As part of its commitment to enhance consumer safety and health, ConAgra Foods has established a leadership position, vice president of Global Food Safety, to bring additional focus and leadership to developing and implementing programs that continuously improve product safety and design. The company has hired Paul A. Hall, a leading expert with more than 30 years of experience in microbiology, food safety and food quality, to fill this position. Hall joins ConAgra Foods from Matrix MicroScience, Inc., a leading producer of technology for the rapid concentration, capture and detection of foodborne pathogens, including Salmonella. Previously, he held product safety and quality-related positions of increasing responsibility at Kraft Foods. Hall stated, "I am looking forward to helping ConAgra Foods become the recognized industry leader in food safety.” ConAgra Foods also has created a Food Safety Advisory Committee composed of leading, third-party experts in food safety who will provide guidance to the company as part of its ongoing work with government agencies, research institutions and scientists in the areas of food production and testing. The committee will assist the company in its plans to fund basic research involving the detection, control and elimination of foodborne pathogens. The committee will be chaired by Dr. Michael Doyle, director of the Center for Food Safety at the University of Georgia and one of the foremost authorities on foodborne pathogens in the world. The company is currently working with Dr. Doyle to identify other members of the Committee. "I’m very excited to lead and help build ConAgra Foods’ Food Safety Advisory Committee,” said Dr. Doyle. "It gives the food safety community a unique opportunity to directly influence and enhance the food safety practices of a leading company.” Rodkin concluded, "There is nothing more important to ConAgra Foods than the safety, quality and wholesomeness of our products. In creating this Food Safety Advisory Committee, we will be able to benefit from the committee members’ expertise to take all reasonable steps to minimize the risks of foodborne illnesses.” ConAgra Foods, Inc. (NYSE:CAG) is one of North America's leading packaged food companies, serving grocery retailers, as well as restaurants and other foodservice establishments. Popular ConAgra Foods consumer brands include: Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunt’s, Marie Callender’s, Orville Redenbacher’s, PAM and many others. For more information, please visit us at www.conagrafoods.com. Note on Forward-Looking Statements: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current views and assumptions of future events and financial performance and are subject to uncertainty and changes in circumstances. Readers of this release should understand that these statements are not guarantees of performance or results. Many factors could affect the company's actual financial results and cause them to vary materially from the expectations contained in the forward-looking statements. These factors include, among other things, future economic circumstances, industry conditions, availability and prices of raw materials, product pricing, competitive environment and related market conditions, operating efficiencies, the ultimate impact of the peanut butter recall, the company’s ability to execute its operating and restructuring plans, access to capital, actions of governments and regulatory factors affecting the company's businesses and other risks described in the company's reports filed with the Securities and Exchange Commission. The company cautions readers not to place undue reliance on any forward-looking statements included in this release, which speak only as of the date made.