Who Owns Tony's?
Tony's is owned by Conagra Brands, Inc., a publicly traded American food company founded in 1919. The brand was founded in 1957 and acquired by Conagra in 1988. Tony's operates under Conagra's frozen food division headquartered in Chicago, Illinois, USA.
Parent Company
Conagra Brands, Inc.
Acquired
1988
Status
Publicly Traded
Headquarters
Chicago, Illinois, USA
Who Owns Tony's?
- Parent Company: Conagra Brands, Inc.
- Ownership Type: Acquired
- Acquisition Year: 1988
- Company Type: Publicly Traded
- Stock Ticker: NYSE: CAG
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Tony's | Conagra Brands, Inc. | Acquired |
History of Tony's
- Founded: 1957
- Founders: Anthony Simmons
- Acquired by Conagra Brands, Inc.: 1988
Tony's was founded in 1957 in the United States as a frozen pizza brand. The brand was created during the early years of the American frozen food industry, when frozen pizza was a relatively new product category and consumer adoption of home freezers was expanding rapidly. Tony's positioned itself as an accessible, value-priced frozen pizza with a distinctive crispy thin crust that differentiated it from other frozen pizza products of the era.
The brand's founding concept was to offer a convenient, affordable frozen pizza that delivered a satisfying eating experience. The crispy thin crust became Tony's signature product characteristic, providing a texture that many consumers preferred to the thicker, doughier crusts of competing frozen pizza brands. This crust differentiation became the foundation of Tony's brand identity and a key driver of consumer loyalty.
Through the 1960s and 1970s, Tony's expanded its distribution and product range as the frozen pizza category grew. The brand developed a variety of topping combinations while maintaining its core crispy crust positioning. Tony's became particularly well-established in the Midwest, where it developed strong regional brand recognition and a loyal consumer base.
The frozen pizza category experienced significant growth through the 1970s and 1980s as American consumers increasingly embraced frozen convenience foods. Tony's competed in this growing market alongside brands including Totino's (General Mills), Tombstone (Kraft), and DiGiorno (Kraft), each of which developed distinctive positioning within the frozen pizza category.
In 1988, Conagra acquired Tony's, bringing the brand into one of the largest food companies in the United States. The acquisition provided Tony's with Conagra's extensive manufacturing capabilities, national distribution network, and marketing resources, supporting the brand's continued growth and distribution expansion.
Under Conagra's ownership, Tony's has continued to operate as a value-positioned frozen pizza brand with a focus on its crispy crust heritage. The brand has maintained its core product lineup while adapting to changes in consumer preferences and the competitive frozen pizza landscape. Conagra has invested in the brand's manufacturing and distribution capabilities to ensure consistent product quality and broad retail availability.
The frozen pizza category has evolved significantly since Tony's founding, with the introduction of rising crust, stuffed crust, and premium frozen pizza products that have expanded the category beyond the value segment where Tony's has traditionally competed. Tony's has maintained its value positioning while benefiting from Conagra's broader portfolio management and distribution capabilities.
About Conagra Brands, Inc.
Conagra Brands, Inc. operates as a multinational food company with diverse business segments. The company produces frozen foods, snacks, condiments, packaged foods, and other consumer food products.
In 2026, Conagra Brands, Inc. continues as a dominant player in the packaged foods industry across North America, founded in 1861 and headquartered in Chicago, IL. The company's ecosystem integrates a diverse portfolio of well-known brands like Birds Eye, Duncan Hines, and Slim Jim, serving grocery, refrigerated, frozen, international, and foodservice channels. This cohesive mission centers on delivering trusted, convenient food products that cater to evolving consumer preferences in multiple temperature formats and retail environments.
The company's revenue engine balances shelf-stable and temperature-controlled food sales with branded and custom foodservice offerings. Conagra thrives on its strategic footprint spanning the US and international markets, leveraging strong retail and foodservice distribution networks. This multi-segment approach underpins a resilient economic moat, reinforcing its role in shaping the future of consumer packaged foods through innovation and scale. The company reaffirmed its fiscal 2026 guidance at the 2026 Consumer Analyst Group of New York (CAGNY) conference, reflecting organic net sales change of (1)% to 1% compared to fiscal 2025, demonstrating confidence in its business strategies and financial outlook.
Conagra operates through multiple business segments serving different consumer needs and preferences, with protein-packed meals, restaurant-inspired favorites, family-style solutions, and all-day breakfast among the key forces driving growth in the U.S. frozen food market, which represents a $93.5 billion industry. The company maintains significant research and development operations focused on innovation in food science and consumer products, while distributing its products through major retailers globally. Conagra's diverse portfolio positions it as a major player in grocery, refrigerated, frozen, international, and foodservice segments, putting trusted food products on millions of tables across North America daily.
- Founded: 1919
- Headquarters: Chicago, Illinois, USA
- Company Type: Publicly Traded
- Stock: NYSE: CAG
Where Is Tony's Made / Based?
- Headquarters: Chicago, Illinois, USA
- Manufacturing / Operations: United States
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Tony's Ownership: Pros & Cons
Advantages
- +Over 65 years of brand heritage in the frozen pizza category, with strong consumer recognition particularly in the Midwest where the brand has its deepest roots
- +Conagra's national distribution network ensures Tony's availability in major grocery chains, mass merchandise retailers, and club stores across the United States
- +The brand's crispy thin crust provides a distinctive product characteristic that differentiates it from competing frozen pizza brands and drives consumer loyalty
- +Value pricing positions Tony's favorably during periods of consumer price sensitivity and economic uncertainty
- +Conagra's manufacturing capabilities and supply chain management support consistent product quality and cost-efficient production
Considerations
- -Competition from Totino's (General Mills) and Tombstone (Kraft Heinz) in the value frozen pizza segment from brands with comparable distribution and marketing investment
- -The premium frozen pizza segment, led by DiGiorno and restaurant-branded frozen pizzas, has grown faster than the value segment, creating pressure on value-positioned brands
- -Consumer health and nutrition trends have created headwinds for processed frozen food brands, including frozen pizza
- -Conagra's broad portfolio means Tony's competes for marketing investment and strategic attention alongside Birds Eye, Marie Callender's, Healthy Choice, and other major brands
- -The brand's regional strength in the Midwest limits its national brand recognition compared to more broadly distributed frozen pizza brands
Frequently Asked Questions About Tony's
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Tony's
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Nestle | Switzerland | 1978 | Mass Market | Global | All Genders | |
| General Mills | USA | 1951 | Mass Market | North America | All Genders | |
| Nestle | Switzerland | 1924 | Mass Market | Global | All Genders | |
| Unilever | Netherlands | 2011 | Mass Market | Europe | All Genders | |
| Nestle | Switzerland | 1981 | Mass Market | Global | All Genders |
Learn More About Competitors

DiGiorno
Owned by Nestlé
Frozen pizza brand owned by Nestlé, known for its rising crust and quality ingredients.

Totino's
Owned by General Mills, Inc.
Frozen pizza brand owned by General Mills, known for party pizzas and budget-friendly frozen pizza options.

Stouffer's
Owned by Nestlé
Frozen food brand owned by Nestlé, offering frozen meals, entrées, and side dishes.

HelloFresh
Owned by Unilever plc
Meal kit delivery service brand owned by Unilever, providing pre-portioned ingredients and recipes for home cooking.

Lean Cuisine
Owned by Nestlé
Frozen meal brand owned by Nestlé, offering portion-controlled, low-calorie meal options.
Competitive Analysis
Market Positioning: Tony's competes with 5 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Conagra Brands, Inc. Stock Information
Jobs at Conagra Brands, Inc.
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