B & G Foods LE Sueur brand emptying to McCall Farms

The United States manufacturer, B&G Foods, sold its commercial brand, “Premium” Sweet Peas, Green Beans, and islands, to McCCall Farms.

The financial conditions of the treatment have not been revealed.

The company will use the returns to pay “long -term debts”, according to a statement on August 1.

The returns will also be used to buy assets for their work, and to cover taxes, fees and expenses associated with sale.

The deal excludes the LE Sueur brand in Canada.

“This step will” stress our basic brands, “said Casey Keeler, president and CEO of B&G Foods, adding that LE Sueur Brand” was good “under its ownership.

Selling follows B & G Foods’ Innovation in May Among its commercial brands without Bebino and Sclafani, which offer pizza, pasta sauces, and canned tomatoes, to Violet Foods, a wallet company for Aphora Equity Partners.

The deal included the B&G Foods manufacturing facility in Williamstown, New Jersey, where brand products are produced.

Its headquarters is located in Persippany, New Jersey and B&G Foods, selling and distributing it to more than 50 brands across the United States, Canada and Puerto Rico.

It has a variety of brands including B&G, B&M, Bear Creek, Cream of Wheat, CRICO, Dash, Green Giant and Victoria.

The brand sales come after I recorded B&G Foods $ 320 million in Vulnerable accusations In 2024, described as “related to the origins of unfinished brands” for its green spleples, Victoria, a fixed protector, and Macan’s signs.

These fees contributed to the deeper financial losses of the company last year.

In the Financial Outlook 2025, the B&G Foods initially expected net net sales from $ 1.89 billion to $ 1.95 billion, with modified EBitDA from $ 290 million to $ 300 million and amended profits per share from $ 0.65 to $ 0.75.

However, in May, the company Her guidelines have been reviewed downThe pure prediction of sales of $ 1.86 billion to $ 1.91 billion, the average rate from 280 million dollars to 290 million dollars, and feedback profits per share from $ 0.55 to $ 0.65.

This follows a report in the first quarter that shows a 10.5 % decrease in total net sales to $ 425.4 million.

In the frozen vegetable and vegetable sector, which includes Le Sueur, net sales decreased by 11.2 % on an annual basis.

B & G Foods Offloads Le Sueur Brand to McCall Farms was originally created and published by Just foodThe brand owned by Globaldata.

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