Conagra Brands has completed its $10.9 billion (€8.6 billion) acquisition of Van De Kamp's and Mrs. Paul's owner Pinnacle Foods, the frozen food brand announced Friday.

"Expanding Conagra Brands' portfolio through the acquisition of Pinnacle Foods creates a tremendous opportunity to drive profitable growth and shareholder value by further leveraging our proven approach to innovation, brand-building, operational excellence and deep customer relationships," said Sean Connolly, CEO of Conagra Brands.