then picked up a selection of other brands from firms like RJR Nabisco and Beatrice Foods (including Hunt-Wesson and Swift-Eckrich) among others, as the leveraged buyouts of the 1980s resulted in the divestiture or breakup of many major American consumer product firms. In 1993 alone it purchased $500 million in smaller firms, and in 1998 it purchased another $480 million in brands from Nabisco. Modification of business areas and further acquisitions In 2002, ConAgra Foods sold its fresh meat operations under the name Swift & Company to Hicks, Muse, Tate & Furst, Inc. and Booth Creek Management. In 2006, ConAgra Foods sold its Chicago-area-based refrigerated meats business (Butterball, Eckrich, Armour) to Smithfield Foods. ConAgra maintained a presence in Chicago by moving its Hunt-Wesson business there from California. In 2007, ConAgra acquired Watts Brothers Farms, a vegetable processing and agricultural operation, including an organic dairy. On November 27, 2012, ConAgra officials announced the company was purchasing Ralcorp, pending Ralcorp shareholder approval, for approximately $4.95 billion. Stockholders of Ralcorp Holdings, Inc. would receive $90 per share. The deal completed in January 2013 and made ConAgra the largest private-label packaged food business in the United States. Exit from Nebraska and rebranding On October 1, 2015, ConAgra announced that it would cut about 1,500 jobs and relocate its headquarters to Chicago as part of a restructuring plan. The move of headquarters from Omaha to Chicago was completed in late June 2016 with the opening of their new HQ at the Merchandise Mart building. It is the first time since 1922 that ConAgra has not been headquartered in Omaha and the first time in the company's history, dating back to its 1919 founding, that the headquarters will not be in the state of Nebraska. On July 14, 2014, ConAgra announced that it had acquired TaiMei Potato Industry Limited, a potato processor in Shangdu, Inner Mongolia. This acquisition expands ConAgra Foods' Lamb Weston operations in a market that has growing demand for frozen potato products. On November 18, 2015, ConAgra announced it was spinning off its Lamb Weston division into a separate company that would be based in Kennewick, Washington. They also announced that ConAgra Foods would be renamed as Conagra Brands in 2016. Thomas Werner and Timothy McLevish were named executive and executive chairman. The Lamb Weston () spinoff was completed on November 9, 2016, with the new company headquartered in the suburbs of Boise,