B&G Foods has reported higher first-half profits as last year’s acquisition of a clutch of brands from Unilever continued to benefit the US food group.
The company yesterday (19 July) booked a 26.6% increase in net income to US$32.8m for the first six months of the year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
B&G bought a number of Unilever’s US brands last October. It said the brands had meant it was now selling a mix of higher-margin products.
Net sales increased 17.3% to $306m thanks to the Unilever deal. Sales from B&G’s base business were flat as price increases worth $6.8m were matched by volume declines of the same amount.
