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Slide #11. B&G Foods — Specialty Brands of America
B&G Foods (NYSE:BGS)
Specialty Brands of America
B&G Foods, Inc. (NYSE:BGS) announced today that it has entered into an agreement to acquire Specialty Brands of America, Inc. and related entities from affiliates of American Capital, Ltd. and certain individuals for approximately $155 million in cash, subject to certain closing and post-closing adjustments.
B&G Foods is a holding company. Through its subsidiaries, Co. manufactures, sells and distributes branded shelf-stable and frozen foods and household products across United States, Canada and Puerto Rico. Co. complements its branded product retail sales with institutional and food service sales and private label sales. Co.'s products include frozen and canned vegetables, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, and cookies and crackers.
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Hold (2.33 out of 4)