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. The Company complements its branded product retail sales with institutional and foodservice sales and private label sales. Its products include frozen and canned vegetables, crackers, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, bagel chips, spices, hot sauces, baking soda, corn starch, nut clusters and other specialty products. The Company has more than 50 brands, including B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Maryâs, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria. The Company sells, markets and distributes its products through a multiple-channel sales, marketing and distribution system to various United States food channels, including sales and shipments to supermarkets and mass merchants.
B&G FOODS, INC. 
