Business
B&G Foods Sells its Don Pepino and Sclafani Brands to Violet Foods, a Portfolio Company of Amphora Equity Partners
PARSIPPANY, N.J., May 27, 2025--B&G Foods, Inc. (NYSE: BGS) announced today that it has sold its Don Pepino and Sclafani brands of pizza and spaghetti sauces, crushed tomatoes, tomato puree and whole peeled tomatoes to Violet Foods LLC, a newly formed portfolio company of Amphora Equity Partners LLC. The sale included the manufacturing facility in Williamstown, New Jersey where the products are produced.
About this update from B&g Foods, Inc.
[{"type":"text","content":"PARSIPPANY, N.J., May 27, 2025--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has sold its Don Pepino and Sclafani brands of pizza and spaghetti sauces, crushed tomatoes, tomato puree and whole peeled tomatoes to Violet Foods LLC, a newly formed portfolio company of Amphora Equity Partners LLC. The sale included the manufacturing facility in Williamstown, New Jersey where the products are produced.","length":428,"tagName":"p"},{"type":"text","content":""The divestiture of the Don Pepino and Sclafani brands is consistent with our efforts to reshape our portfolio, focus on our core brands and reduce long-term debt," said Casey Keller, President and Chief Executive Officer of B&G Foods. "We believe that Amphora is the right owner to support the future growth of the Don Pepino and Sclafani brands."","length":372,"tagName":"p"},{"type":"text","content":"B&G Foods intends to use the net proceeds from the sale for the repayment of long-term debt.","length":96,"tagName":"p"},{"type":"text","content":"The terms of the transaction were not disclosed. BofA Securities, Inc. acted as financial advisor to B&G Foods.","length":115,"tagName":"p"},{"type":"text","content":"About B&G Foods, Inc.","length":25,"tagName":"p"},{"type":"text","content":"Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria, there’s a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.","length":608,"tagName":"p"},{"type":"text","content":"About Amphora Equity Partners","length":29,"tagName":"p"},{"type":"text","content":"Amphora is a private investor that makes control investments in the North American packaged food and beverage sector. The firm focuses on well-established branded products and contract manufacturing businesses in which it can support management teams to drive real value creation through operational excellen...