Major Brand Acquisition: B&G Foods Sells Le Sueur to McCall Farms

In a significant move to streamline its product offerings and enhance its financial stability, B&G Foods Inc., located in Parsippany, New Jersey, has successfully sold the esteemed Le Sueur brand of premium canned vegetables—namely sweet peas, green beans, and carrots—to McCall Farms Inc. This strategic decision aligns with B&G Foods’ ongoing efforts to refine its portfolio while focusing on core brands and reducing long-term debt.

Casey Keller, president and CEO of B&G Foods, expressed confidence in the sale, stating, “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. 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.”

The details surrounding the financial aspects of the transaction were kept under wraps, with no disclosure of specific terms. However, B&G Foods has indicated that the proceeds from this sale will be utilized for general corporate objectives. This includes repaying long-term debt, acquiring assets beneficial to B&G Foods’ operations, as well as covering taxes, fees, and expenses emerging from the sale.

It is important to note that this transaction does not encompass the Le Sueur brand’s operations in Canada, which will remain unaffected by the sale.

[RELATED: B&G Foods Sells Green Giant Shelf-Stable Product Line]

About B&G Foods Inc.

B&G Foods, along with its subsidiaries, is committed to manufacturing, selling, and distributing high-quality branded shelf-stable and frozen foods across the U.S., Canada, and Puerto Rico. The company boasts a diverse portfolio with more than 50 brands, including well-known names such as 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.