The Institute for Digital Engineering and Life Sciences completed the acquisition of Manufacturing Facility in Portland from B&G Foods, Inc..
March 30, 2022
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The Institute for Digital Engineering and Life Sciences reached an agreement to acquire Manufacturing Facility in Portland from B&G Foods, Inc. (NYSE:BGS) on August 30, 2021. The transaction is subject to customary closing conditions. The transaction is expected to close by year-end. As of November 4, 2021, the transaction is expected to close during first quarter of 2022.
The Institute for Digital Engineering and Life Sciences completed the acquisition of Manufacturing Facility in Portland from B&G Foods, Inc. (NYSE:BGS) in the first quarter of 2022.
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.