B&G Foods

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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.

The year in review - the news that shook the food industry in 2015

21 Dec 2015

The creation of Kraft Heinz was the stand-out M&A story of the year, although there were plenty of other significant deals, including JBS's move for European meat group Moy Park, the sale of Quorn Foods to Philippines-based Monde Nissin and Nomad Foods' two transactions in European frozen food. Elsewhere, Nestle was rocked by the Maggi recall in India, while it and a number of other companies - including Hershey - suffered amid China's economic slowdown.

B&G Foods cuts sales outlook on Rickland Orchards weakness

28 Oct 2015

B&G Foods has dropped its forecast for annual sales on the back of the continued poor performance of its Rickland Orchards brand.

B&G Foods' plan to breathe life into Green Giant

4 Sep 2015

The speculation over Green Giant was this week confirmed with US group B&G Foods announcing it had struck a deal to buy the the canned and frozen vegetables business from General Mills. Green Giant's sales are under pressure but B&G believes it can reinvigorate the business. Hannah Abdulla reports.

Food industry news of the week - Green Giant, Arla, KitKat

4 Sep 2015

B&G Foods struck a deal to buy General Mills' struggling Green Giant business - but insisted it could revitalise its sales. Arla Foods announced two ventures in Africa to boost its presence in the continent. And Nestle outlined plans to make KitKat with only sustainably-sourced cocoa from next year.

Food industry quotes of the week - Green Giant; Arla in Africa

4 Sep 2015

This week, B&G Foods announced it had acquired General Mills' struggling Green Giant business in a US$765m deal. Elsewhere, Arla Foods struck two joint ventures in Senegal and Nigeria as the dairy group looks to further expand its presence in Africa. Meanwhile, Campbell Soup Co. reported its full year results and issued a 2015/16 forecast above Wall Street estimates. Here is the week in quotes.

B&G Foods to buy Green Giant from General Mills

3 Sep 2015

US group B&G Foods is entering the frozen food category through the acquisition of the Green Giant and Le Sueur brands from General Mills for around US$765m in cash.

Food industry news of the week - Green Giant, Just Mayo, VSI

1 Sep 2015

A deal for Green Giant could be nearing with claims US group B&G Foods is in advanced talks to buy the business from General Mills. Elsewhere, eight companies have expressed interest in Australia's Brownes Dairy, while one sale that was announced this week was the acquisition of European snack bar maker VSI by US co-packer Hearthside Food Solutions. And one story that caught your attention was upstart US egg-free mayo maker Just Mayo coming under fire from the country's food watchdog.

B&G Foods "front-runner to buy General Mills' Green Giant"

28 Aug 2015

US group B&G Foods is reportedly in advanced talks to buy General Mills' Green Giant frozen and canned vegetable business.

M&A Watch - Campbell Soup Co. should be more acquisitive - but avoid fresh

27 Jul 2015

Campbell Soup Co. has looked to inject growth into its business through acquisitions in recent years and the indications are this is likely to continue. But where should the US giant look to do deals? Stefan Kirk, just-food M&A columnist and advisor at M&A consultants Glenboden, weighs up the group's options.

B&G Foods on look-out for "right" big buys

24 Jul 2015

B&G Foods has said it is on the lookout for "big" acquisitions so long as they are the "right fit" for the company.

B&G Foods posts H1 jump in sales, profit

23 Jul 2015

B&G Foods has reported an increase in sales and net profit for the first half of 2015.

Food industry quotes of the week - Fonterra, UK sugar, Mead Johnson

17 Jul 2015

Fonterra this week announced plans to cut over 500 jobs as it adjusts to a slump in prices of dairy commodities, caused in part by falling demand in China. And Mead Johnson this week lowered its forecast for annual profits, with the slowdown in China's economy a factor.

Food industry news of the week - UK sugar call, Mead Johnson

17 Jul 2015

The issue of sugar intake returned to the fore this week with a UK panel calling for official guidance on daily consumption to be halved. Fonterra announcing a different kind of cut, with over 500 jobs to go at the dairy exporter. China is a factor in the New Zealand group's decision and the country's easing growth is affecting a number of food multinationals. This week, infant formula manufacturer Mead Johnson cut its profit forecast on the back of challenges in emerging markets including China.

B&G Foods acquires Spartan Foods

13 Jul 2015

B&G Foods has acquired Spartan Foods of America, which manufactures the Mama Mary's pizza crust brand, from Linsalata Capital Partners for around US$50m in cash.

B&G posts Q1 profit, sales increase

24 Apr 2015

B&G Foods has posted a rise in first-quarter sales and profits despite the under-performance of the US group's Rickland Orchards brand.

B&G Foods names Tom Crimmins new CFO

11 Mar 2015

B&G Foods has hired Tom Crimmins, CFO at defence technology firm DRS Technologies, as its new finance chief.

just-food's pick: Top ten on-trend products at Natural Products Expo West

9 Mar 2015

The Natural Products Expo West has become a key date in the US food industry calendar - and its significance has grown amid changes in consumer demand. Categories like free-from and organic are buoyant in the US and are attracting the attention of mainstream manufacturers searching for growth. In these ever-more competitive categories, innovation is vital and here is just-food's pick of the top ten on-trend products showcased at this year's event.

B&G sales rise but costs, recall weigh

19 Feb 2015

B&G Foods booked an increase in full-year sales, which were boosted by acquisitions, but higher costs and expenses related to a product recall dented the bottom line.

B&G Foods posts Q3 loss on Rickland Orchards charges

22 Oct 2014

US food group B&G Foods made a US$4m loss in the third quarter of 2014 as it booked impairment charges on Rickland Orchards, a snack bar business it bought last year.

B&G Foods appoints CFO Cantwell as new CEO

16 Oct 2014

US food group B&G Foods has named CFO Bob Cantwell as its new president and CEO.

US: B&G expands Pirate's Booty brand

5 Aug 2014

B&G Foods is expanding its offering under the Pirate's Booty brand with the addition of two new products: crunchy treasures and fruity booty.

US: B&G expands Pirate's Booty beyond snacks

3 Jun 2014

US food firm B&G Foods has taken its Pirate's Brand outside of snacks with the launch of a Mac & Cheese product for kids.

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