B&G Foods buying packaged foods firm for $155M


B&G Foods (BGS) is acquiring Specialty Brands of America, a maker or soups, pasta/rice dishes, syrups, flatbreads, margarine, and other packaged foods, for $155M in cash.

Specialty Brands is expected to have annual revenue of $85M, and adjusted EBITDA of $20M. The deal is expected to close in Q2 or Q3, and be funded by a mixture of cash on hand and credit facility borrowings.

B&G expects the acquisition to be immediately accretive to EPS and free cash flow.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs