B&G Foods, a manufacturer of branded shelf stable and frozen products, has announced the sale of its Portland facility to the Institute for Digital Engineering and Life Sciences.
The move to sell the 13.5-acre waterfront property is part of B&G Foods’ plans to improve productivity and reduce overall costs, the company said.
“The Portland community has been the home to B&M for more than a century, and while this was a very difficult decision, we believe it is in the best interest for the future of Portland”, said Casey Keller, President and Chief Executive Officer of B&G Foods. “We are confident The Roux Institute will build a new longstanding legacy on the property, one that will enrich Portland residents in new and exciting ways, and will endure as a force for good in the community for generations to come”.
Source: B&G Foods (via BusinessWire)