On August19, 2017, B&G Foods North America,Inc., a wholly owned subsidiary of B&GFoods,Inc., entered into an equity purchase agreement to acquire Back to Nature Foods Company, LLC and related entities from Brynwood Partners VI L.P., Mondelez International and certain other sellers for approximately $162.5 million in cash, subject to customary closing and post-closing working capital adjustments. Subject to regulatory approval and the satisfaction of customary closing conditions, B&G Foods expects the acquisition to close during the third quarter of 2017. B&G Foods expects to fund the acquisition and related fees and expenses with additional revolving loans under its existing credit facility.
On August20, 2017, B&G Foods issued a press release announcing the foregoing. The information contained in the press release, which is attached to this report as Exhibit99.1, is incorporated by reference herein and is furnished to Item 7.01, “Regulation FD Disclosure.”
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
99.1
Press Release dated August20, 2017, furnished to Item 7.01.
B&G Foods, Inc. ExhibitEX-99.1 2 a17-20772_1ex99d1.htm EXH-99.1–PRESS RELEASE DATED AUGUST 20,…To view the full exhibit click here About B&G Foods,Inc. (NYSE:BGS) B&G Foods, Inc. is a holding company. The Company manufactures, sells and distributes a diverse portfolio of shelf-stable and frozen food, and household products across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, 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, puffed corn and rice snacks, nut clusters and other specialty products. Its products are marketed under various brands, including Ac’cent, B&G, B&M, Baker’s Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary’s, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emeril’s, Grandma’s Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonald’s, Mama Mary’s, Maple Grove Farms of Vermont, Molly McButter and Victoria.