Conagra Brands Inc. (NYSE: CAG) has agreed to buy meat snacks maker Thanasi Foods LLC for undisclosed terms. The deal is part of Conagra's strategy to revamp its portfolio to focus on consumer brands such as Slim Jim and Chef Boyardee.

Thanasi, based in Boulder, Colorado, produces meat snacks that includes Duke's Smoked Shorty Sausages and Duke's Steak & Brisket Strips. The target's other brand, BIGS, makes sunflower and pumpkin seeds.

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