B&G Foods has acquired the Violet Packing fresh packed tomato products business, including the Sclafani, Don Pepino and Violet brands.
The terms of the acquisition, which was funded from cash on hand, were not disclosed in the announcement today (19 November). As part of the acquisition, B&G Foods has acquired the Violet Packing name and Violet Packing’s manufacturing facility in Williamstown, New Jersey.
However, B&G Foods did not acquire Violet Packing’s DeIorio pizza dough business.
David Wenner, president and CEO of B&G Foods, said: “We are very pleased to add Sclafani, Don Pepino and Violet to our strong portfolio of brands. We project that the Violet Packing business will generate net sales of US$13m to $15m, EBITDA of $2m to $3m, and incremental earnings per share of $0.02 during fiscal 2011, and that the acquisition will be immediately accretive to our free cash flow.”
Violet Packing’s products include pizza and spaghetti sauces, crushed tomatoes, tomato puree and whole peeled tomatoes. The products are sold under the Don Pepino, Sclafani and Violet brand names to foodservice distributors, restaurants and retailers throughout the Eastern US.