B&G Foods

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B&G Foods names Kenneth Romanzi as successor to retiring CEO Bob Cantwell

30 Jan 2019

US-based B&G Foods has announced its chief executive officer Bob Cantwell is to retire in April and has named his replacement.

Kellogg's up-for-sale snacks assets 'attract Ferrero, Hostess Brands, B&G Foods'

21 Jan 2019

Three global food giants have reportedly entered bids for Kellogg's North American cookies and snacks assets.

New products - Foster Farms launches convenience line; UK's Pukka Pies debuts on-the-go range; Nomad Foods extends Birds Eye range in the UK; PepsiCo set for dairy-alternatives push

26 Oct 2018

This week's product news includes PepsiCo preparing plans to launch into dairy-alternatives in the US and Atlantic Natural Foods set to take its plant-based Loma Linda range into the UK.

Hershey expands snacking portfolio with Pirate Brands deal

13 Sep 2018

US confectionery giant Hershey is snapping up natural snacking company Pirate Brands from B&G Foods for US$420m.

B&G Foods lowers underlying EBITDA forecast

3 Aug 2018

B&G Foods, the US manufacturer behind the Green Giant brand, has scaled back its prediction for its 2018 adjusted EBITDA.

TreeHouse Foods sells McCann's Irish Oatmeal to B&G Foods

17 Jul 2018

US-based TreeHouse Foods has sold its McCann's Irish Oatmeal brand to local peer B&G Foods for US$32m.

Earnings summary - George Weston food division results hit by FX, restructuring; Pinnacle Foods profits underpinned by tax reform; Land O'Lakes "record'' profits; Hostess Brands hails "strong finish" to 2017

2 Mar 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

B&G Foods creates COO role for Kenneth Romanzi from Danone

22 Nov 2017

US-based B&G Foods has created a new management position of chief operating officer and will bring Kenneth Romanzi in from Danone to fill the role.

B&G Foods promotes Bruce Wacha to CFO

7 Nov 2017

US-based B&G Foods, which owns the Green Giant range of products, has made Bruce Wacha its chief financial officer just three months after he joined the company.

B&G Foods continues Green Giant carb-alternative push

5 Sep 2017

US-based B&G Foods is targeting carbohydrate-avoiders through its new frozen Green Giant Veggie Spirals.

B&G Foods buys Back to Nature from Brynwood, Mondelez

21 Aug 2017

Green Giant brand owner B&G Foods is to acquire Back to Nature Foods Company, the US snack maker owned in a venture between private-equity firm Brynwood Partners and Mondelez International.

B&G Foods hires ex-Amira Nature Foods CFO Bruce Wacha to strategy role

14 Aug 2017

US-based B&G Foods, which owns the Green Giant range of products, has brought in Bruce Wacha as executive vice president of corporate strategy and business development.

B&G Foods lowers earnings guidance as first-half profit falls

4 Aug 2017

B&G Foods revised its earnings per share guidance lower after booking a decline in first-half profit, and like many major US manufacturers noted challenging business conditions.

B&G Foods profits fall, sales get M&A boost

5 May 2017

US group B&G Foods has reported lower first-quarter earnings and, though the company's sales increased year-on-year, its top line was helped by acquisitions.

B&G Foods finance chief Tom Crimmins resigns 

16 Mar 2017

B&G Foods' CFO, Tom Crimmins, has resigned from the US group to "pursue other opportunities". 

B&G Foods forecasts higher sales, earnings in 2017

24 Feb 2017

B&G Foods, the US group behind brands including Green Giant vegetables and TrueNorth snacks, has forecast rising sales and earnings for this year.

How B&G Foods is balancing growth and decline – 5 things to learn 

20 Jan 2017

Acquisitions have enabled B&G Foods to rapidly scale up in recent years. The company has grown from sales of around US$600m in 2012 to a forecast of $1.6bn in 2017. Two large-scale deals have boosted B&G: Green Giant in 2015 and ACH Foods last year. However, B&G's underlying sales have not been strong. The group's smaller brands, which generate annual sales in the region of $500m, have struggled. Even Green Giant is a brand that has been in decline for years.  At the ICR investor conference in Florida last week, CEO Bob Cantwell outlined how the company intends to continue to grow in 2017 and beyond.

B&G Foods buys US pasta sauce group Victoria Fine Foods 

5 Dec 2016

B&G Foods has acquired US pasta sauce maker Victoria Fine Foods from private-equity owners Huron Capital Partners for US$70m in cash. 

B&G Foods sees M&A give sales shot in the arm

28 Oct 2016

B&G Foods has booked an increase in third-quarter net sales of nearly 50% thanks to recent acquisitions but the US group revealed pressure on the top-line performance of its underlying business.

B&G Foods acquires ABF's US spice business

21 Sep 2016

B&G Foods has entered into an agreement to buy the spices and seasonings business of ACH Food Companies, a US arm of Associated British Foods. 

B&G Foods "in talks" to buy ABF's ACH Food

14 Sep 2016

B&G Foods is reportedly in negotiations with Associated British Foods over the potential acquisition of US cooking oil business ACH Food Companies.

B&G Foods in Green Giant push with NPD and marketing drive

8 Sep 2016

B&G Foods has announced a swathe of product development in a bid to modernise its Green Giant brand. 

B&G Foods pulls Rickland Orchards snack brand

2 Aug 2016

B&G Foods, the US group, has stopped selling products under the Rickland Orchards snacks brand it acquired three years ago.

B&G posts 61.4% increase in Q2 income

29 Jul 2016

B&G Foods has reported a 61.4% increase in net income to US$30.3m in second-quarter results published yesterday (28 July).

B&G Foods gets M&A boost in Q1 but underlying sales down

29 Apr 2016

B&G Foods has reported higher first-quarter sales and earnings, helped by recent acquisitions, but the US group saw its underlying sales fall.

B&G Foods expects continued growth in 2016

26 Feb 2016

B&G Foods said it anticipates sales and earnings to continue to rise in 2016 on the back of acquisition-driven growth last year. 

Food industry news of the week - Metcalfe's Skinny, Hain Celestial, Ornua

15 Jan 2016

Diamond Foods, itself set to be sold to US snacks group Snyder's-Lance, this week took a stake in UK popcorn maker Metcalfe's Skinny. Our M&A pages featured a number of deals, including the move for Chinese dairy group Ambrosia by Irish co-op Ornua. At the ICR investment conference in Florida, the new owner of Green Giant, B&G Foods, said it was interested in more acquisitions in the frozen food sector, while Hain Celestial told delegates it could withstand greater competition in the US natural and organic sectors.

Food industry quotes of the week - pressure on Hain Celestial, Chobani ad spat, Ornua's China move

15 Jan 2016

US group Hain Celestial this week cut its forecasts for annual sales and earnings amid pressure on its domestic business. The company's management also presented at the ICR investment conference, where it sought to be upbeat about Hain's prospects. Staying in the US, Danone warned it could pursue legal action over Chobani's "misleading and deceptive marketing" which targeted its Light & Fit brand. Elsewhere, Irish dairy co-op Ornua announced the acquisition of Chinese group Ambrosia. And we analysed General Mills' recent acquisitions of Brazilian yoghurt maker Carolina and US meat snacks firm Epic Provisions. Here is the week in quotes.

B&G Foods ready for more frozen food deals

13 Jan 2016

B&G Foods is prepared to make more acquisitions in the frozen food sector, the US group's chief executive has said.

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