B&G Foods sells sauce brands to Violet Foods

PARSIPPANY, N.J. - B&G Foods, Inc. (NYSE: BGS) has completed the sale of its Don Pepino and Sclafani brands, including the associated manufacturing facility in Williamstown, New Jersey, to Violet Foods LLC, a portfolio company of Amphora Equity Partners LLC. The company announced the divestiture as part of its strategic move to streamline its brand portfolio and reduce its long-term debt.

Casey Keller, President and CEO of B&G Foods, expressed confidence in Amphora Equity Partners as the right entity to nurture and grow the Don Pepino and Sclafani brands. The financial terms of the transaction, which was advised by BofA Securities, Inc., were not disclosed.

B&G Foods is known for its diverse portfolio of more than 50 brands, including Green Giant, Cream of Wheat, and Ortega. The sale represents a continued effort by the company to focus on its core brands and improve its financial position. The net proceeds from the sale are intended for the repayment of long-term debt, aligning with B&G Foods’ strategy to strengthen its balance sheet.

Amphora Equity Partners focuses on investments within the North American packaged food and beverage sector, aiming to drive value creation through operational excellence and growth strategies.

This transaction is part of B&G Foods’ broader strategy to adapt to market conditions and consumer preferences, which includes managing its product lineup and financial obligations. As with any forward-looking statements, B&G Foods cautions that there are risks and uncertainties that could affect the company’s actual future results.

Information for this article is based on a press release statement from B&G Foods, Inc.

In other recent news, B&G Foods Inc. reported its first-quarter 2025 financial results, revealing a challenging start to the year. The company posted earnings per share of $0.04, significantly below the forecasted $0.16, and net sales of $425.4 million, missing the expected $459.33 million. Revenue fell 10.5% year-over-year, and adjusted EBITDA decreased to $59.1 million from $75 million in the same period the previous year. Despite these challenges, B&G Foods noted improved sales trends towards the end of the quarter, particularly in its Green Giant product lines. The company is implementing a cost reduction plan aiming for $10 million in savings in 2025.

In other developments, B&G Foods disclosed the outcomes of its annual stockholder meeting. The meeting saw the election of ten directors to the company’s board and the advisory approval of executive compensation. Additionally, shareholders ratified KPMG LLP as the independent auditor for the fiscal year ending January 3, 2026. These recent developments reflect ongoing efforts by B&G Foods to navigate a difficult market environment and focus on strategic priorities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.