Pinnacle Foods Inc. (NYSE:PF) entered into an agreement to acquire frozen warehouse and vegetable packaging business of Ryder Integrated Logistics, Inc. for $37.5 million on August 7, 2017. The consideration also involves contingent payments that are dependent on the satisfaction of certain pre-closing contract conditions. The transaction will be funded with cash on hand. Post-acquisition, the business will be integrated into the supply chain network of the frozen segment. The transaction is subject to customary closing conditions. The transaction is expected to close in the fourth quarter of 2017. Pinnacle Foods Inc. (NYSE:PF) completed the acquisition of frozen warehouse and vegetable packaging business of Ryder Integrated Logistics, Inc. on December 15, 2017.