New York, April 15, 2014 -- Moody's Investors Service said today that Shearer's Foods LLC's ("Shearer's") ratings including its Corporate Family Rating ("CFR") at B2, and B3 senior secured notes rating as well as its negative outlook remain unchanged after today's $33.5 million tack-on acquisition of Medallion Foods, Inc. ("Medallion") from ConAgra Foods. The transaction will be financed by new (unrated) $40 million sponsor guaranteed senior unsecured demand loan . For further information please see the related issuer comment at www.moodys.com.

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