Blackstone to Buy Pinnacle Foods for $2.16 Billion

The Blackstone Group has agreed to acquire Cherry Hill, N.J.-based frozen foods maker Pinnacle Foods Group Inc. from JPMorgan Partners, J.W. Childs Associates, CDM Group and former bondholders of Aurora Foods Inc. The total transaction is valued at approximately $2.16 billion, including around $900 million of assumed debt. www.blackstone.com www.pinnaclefoodscorp.com