B&G Foods Completes Sale Of Pirate Brands

Oct. 18, 2018

B&G Foods, Inc. announced that effective today it has completed the sale of its Pirate Brands business, including the Pirate’s BootySmart Puffs and Original Tings brands, to Amplify Snack Brands, Inc., a subsidiary of The Hershey Company, for approximately $420.0 million in cash, subject to customary closing and post-closing adjustments.

B&G Foods intends to use the proceeds from the sale together with additional borrowings under its revolving credit facility to repay the entire $500.1 million principal amount of tranche B term loans outstanding under its credit facility and to pay taxes, fees and expenses related to the sale.

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 Back to NatureB&GB&MCream of WheatGreen GiantLas PalmasLe SueurMama Mary’sMaple Grove FarmsMrs. DashNew York StyleOrtegaPolanerSnackWell’sSpice 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.


Product Guide

Hershey Co., The

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