B&G Foods

B&G Foods, the US holding company behind brands such as Crisco and Green Giant, has agreed to acquire the broth and stock business of Del Monte Foods for $110 million in cash. The transaction, which includes the College Inn and Kitchen Basics brands, emerged from a competitive auction process conducted as part of Del Monte Foods’ Chapter 11 bankruptcy proceedings. The deal will see B&G Foods add two well-established “pantry …

B&G Foods, the US-based ambient and frozen foods company, has announced that it has entered into an agreement to sell its Green Giant and Le Sieur frozen brands in Canada to Nortera. According to B&G Foods, the proceeds will be utilised for general corporate purposes, including long-term debt repayment, acquisition of assets relevant to its business activities, and the settlement of taxes, fees and sale-related expenses. Nortera is a leading …

Food manufacturer B&G Food has announced the sale of the Le Sueur brand of peas, green beans and carrots to preserved fruit and vegetable specialist McCall Farms for an undisclosed sum. The proceeds from the sale will be used for general corporate purposes including the repayment of long-term debt, the purchase of assets useful in B&G Foods’ business, and to pay taxes, fees and expenses related to the sale. B&G …

B&G Foods, the US-based ambient and frozen foods firm, has announced that it has sold its Don Pepino and Sclafani brands of  sauces and canned tomatoes to Violet Foods, a newly formed portfolio company of equity fund Amphora Equity Partners. In 2010, B&G acquired Sclafani, Don Pepino and Violet through its purchase of Violet Packing from LaSalle Capital, including the brand and a facility in Williamstown (NJ) facility. Sclafani offers …

B&G Foods, the US-based ambient and frozen foods firm, has announced that it has sold its Green Giant US shelf-stable vegetable product line to peer Seneca Foods for an undisclosed sum. The divestment will see B&G Foods retain ownership of Green Giant trademarks, and license the brand name to Seneca Foods for shelf-stable products. The deal excludes frozen items, Green Giant Canada, and the Le Sueur brand. Commenting on the …

Leading Italian food company Barilla Group has announced the acquisition of the bakery brand Back To Nature from B&G Foods. The acquisition of Back To Nature follows the strategy of Barilla to build a strong multi-brand bakery platform in the United States. Founded in 1960, Back To Nature has a portfolio of plant-based, non-GMO cookies, crackers, granola and nuts & trail mix categories. “At Barilla, we aspire to build a …

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 …

US food firm JM Smucker has announced that it has reached an agreement to sell the Crisco oils and shortening business to B&G Foods. According to a company press release, the move is part of JM Smucker’s intent to exit the US baking category to focus on pet food, coffee, and snacking products. The sale includes Crisco’s oils and shortening products, the brand, certain trademarks, and licensing agreements, manufacturing and …

B&G Foods, the US owner of food brands such as Green Giant, has announced it is acquiring baking aids business Clabber Girl from Indiana-based wholesale supplier Hulman & Co for an undisclosed sum. The Clabber Girl product range includes baking powder, bicarbonate of soda and cornflour marketed under brands such as Clabber Girl, Rumford, Davis, Hearth Club and Royal. B&G Foods said it expected the acquired business to generate approximately $70 to $75 …

US confectionery firm Hershey has announced a definitive agreement to purchase Pirate Brands from B&G Foods for $420 million. The “strategic acquisition” includes the Pirate’s Booty, Smart Puffs and Original Tings brands. Pirate Brands will operate within Amplify, Hershey’s ‘better-for-you’ snacking hub in Austin. Commenting on the deal, Hershey’s chief growth officer Mary Beth West said: “Pirate’s Booty is a leading cheese puffs brand loved by moms and kids as a …