Revenues lag in Q2 on lower volume

Financial analysts question the specific benefits that will be generated by a spin-off.

The spin-off will lead to the creation of two independent, publicly traded companies.

Acquisition will increase TreeHouse sales to approximately $7 billion and give it more than 50 manufacturing plants.

The company plans to lay off 1,500, move headquarters to Chicago.

David Biegger joins the company from Campbell Soup Co.

The company’s chief executive also said Illinois may play an important role in the company’s future.

But CEO says company off to strong start with good progress to drive margin improvement.

Darren Serrao to newly created post of chief growth officer.

All foods canned in ConAgra’s US and Canadian plants will be affected by the change.