Business
B&G Foods Sells the Le Sueur Brand to McCall Farms
PARSIPPANY, N.J., August 01, 2025--B&G Foods, Inc. (NYSE: BGS) announced today that it has sold the Le Sueur brand of premium sweet peas, green beans and carrots to McCall Farms, Inc.
About this update from B&g Foods, Inc.
[{"type":"text","content":"PARSIPPANY, N.J., August 01, 2025--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has sold the Le Sueur brand of premium sweet peas, green beans and carrots to McCall Farms, Inc.","length":204,"tagName":"p"},{"type":"text","content":""Our sale of the Le Sueur brand represents continued progress in our ongoing efforts to reshape our portfolio, sharpen focus on our core brands and reduce long-term debt," said Casey Keller, President and Chief Executive Officer of B&G Foods. "The Le Sueur brand has performed very well for us over the years, and we believe it will continue to thrive under the ownership of McCall Farms."","length":413,"tagName":"p"},{"type":"text","content":"B&G Foods intends to use the proceeds from the sale for general corporate purposes, including the repayment of long-term debt and the purchase of assets useful in B&G Foods’ business, and to pay taxes, fees and expenses related to the sale.","length":248,"tagName":"p"},{"type":"text","content":"The terms of the transaction were not disclosed. The sale does not include the Le Sieur brand in Canada. Barclays Capital Inc. and Deutsche Bank Securities Inc. acted as financial advisors to B&G Foods.","length":206,"tagName":"p"},{"type":"text","content":"About B&G Foods, Inc.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, 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":624,"tagName":"p"},{"type":"text","content":"Forward-Looking StatementsStatements in this press release that are not statements of historical or current fact constitute "forward-looking statements." The forward-looking statements contained in this press release include, without limitation, statements related to B&G Foods’ expected use of the proceeds from the sale. Such forward-looking statements involve known and unknown r...