Barilla America, Inc. completed the acquisition of Back to Nature Foods Company, LLC from B&G Foods, Inc..
January 02, 2023
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Barilla America, Inc. entered into an agreement to acquire Back to Nature Foods Company, LLC from B&G Foods, Inc. (NYSE:BGS) for $51.4 million on December 15, 2022. The consideration is payable in cash and is subject to closing and post-closing adjustments based upon inventory at closing. B&G Foods intends to use the net proceeds from the sale for the repayment of long-term debt. B&G Foods expects the sale to close in the first quarter of 2023, subject to the satisfaction of customary closing conditions.
Barilla America, Inc. completed the acquisition of Back to Nature Foods Company, LLC from B&G Foods, Inc. (NYSE:BGS) on January 3, 2023.
B&G Foods, Inc. manufactures, sells and distributes branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, and other specialty products. It operates in four segments: Specialty, Meals, Frozen & Vegetables and Spices & Flavor Solutions. Its products are marketed under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Polaner, and Wright's.