Mergers and acquisitions seem to be quite prevalent within the food industry, with major brands often being shuffled about. Chef Boyardee is a good case study – having had five different owners.
The company was formed as a family business almost a century ago – in 1927 – in Cleveland, Ohio. Chef Hector Boiardi, who came to the United States from Italy as a teenager in 1914, was the principal figure.
After relocating operations to Milton, Pa., in 1938, the Chef Boyardee Company was sold in 1946 to American Home Foods of New York City for nearly $6 million.
It was a noble and honorable deed performed by Hector Boiardi and his brothers, Paul and Mario.
The business had ramped up production during World War II years, employing some 5,000 people to crank out food rations for the Allied troops. But after the war, the discontinuation of government contracts was problematic.
Hector Boiardi did not want to lay off thousands of workers, but he lacked the capital to rapidly expand into the post-war commercial market.
He rationalized that a
larger corporation could provide the financial resources needed to keep the
factory running at full capacity and distribute the brand nationwide. And
Hector Boiardi was correct in his thinking.
A half century later, American Home Foods was purchased in 1996 by a private equity firm and renamed International Home Foods, with headquarters in Parsippany, N.J.
Then in 2000, International Home Foods was acquired by ConAgra Foods of Omaha, Neb. The transaction was valued at $2.9 billion.
In 2025, Conagra Brands, Inc., which had moved its headquarters to Chicago, spun off the Chef Boyardee brand to Brynwood Partners, a private equity firm based in Greenwich, Conn.
Chef Boyardee was rolled into a Brynwood subsidiary, Hometown
Food Company of Chicago.
(Brynwood had formed Hometown Food Company in 2018 to assemble a portfolio of brands purchased from The J.M. Smucker Company, including the U.S. rights to Pillsbury baking products, Hungry Jack pancake mixes and syrups, Martha White, White Lily and Jim Dandy. With Chef Boyardee, Hometown anticipated its annual gross revenues would exceed $1.6 billion.)
Brynwood Partners paid $600 million to acquire the iconic Chef Boyardee brand.
At the
time, Henk Hartong, CEO of Brynwood Partners, said: “We are excited to add Chef
Boyardee to the Hometown collection of nostalgic brands that offer a
longstanding rich heritage. We are confident that we can reinvigorate the Chef
Boyardee brand and extend into new formats quickly.”
Indeed. In May 2026, Chef Boyardee expanded its product line, launching five new skillet meal boxed kits.
“Chef
Boyardee is strategically entering a growing category where consumers are
actively seeking easy, budget friendly meal solutions that don’t compromise on
taste,” said Dan Anglemyer, an executive with Hometown Food Company. “By
bringing its trusted Italian-inspired flavors to skillet meals, Chef Boyardee
is offering families a new way to enjoy comforting Italian dinners at home.”
“This is just the beginning,” Anglemyer added. “Consumers should expect to see Chef Boyardee in several new places in the store later in 2026.”
Not to mention Chef Boyardee’s renewed presence on the NASCAR racing circuit. At this year’s Daytona 500, which was run in February, the fabled “Ravioli Roamer” vehicle traveled across the infield, midway and campgrounds, delivering more than 100,000 pasta meals to fans during race week.
Chef Boyardee also is a primary sponsor of the No. 47 Chevrolet Camaro driven by Ricky Stenhouse Jr. He finished second in the 2026 Daytona 500 race, behind winner Tyler Reddick.
Stenhouse,
38, a native of Olive Branch, Miss., is a 14-year veteran driver with the NASCAR
Cup Series.





















































