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Announced

Completed

B&G Foods completed the acquisition of the frozen vegetable manufacturing operations of Growers Express.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Completed

Food Products

Domestic

frozen vegetables

United States

Private

Friendly

Majority

Synopsis

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B&G Foods, a branded foods holding company, completed the acquisition of the frozen vegetable manufacturing operations of Growers Express, a farmer-owned grower, packer and shipper of fresh vegetables. Financial terms were not disclosed. “By increasing the variety and volume of Green Giant frozen vegetable products produced at internal manufacturing facilities, we expect to reduce inefficiencies, reduce costs and reduce supply chain risk for certain Green Giant frozen products. We also believe that this acquisition will enhance our innovation efforts for the Green Giant brand and improve our speed to market for new innovation. Growers Express has been an important partner of B&G Foods for a number of years and we thank them for their partnership,” Casey Keller, B&G Foods President and CEO.

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