US food group B&G Foods has booked a jump in third-quarter profits on the back of rising sales boosted by last year’s The Cream of Wheat acquisition.
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B&G, the New Jersey-based cereals-to-salad dressings business, posted a 40.7 leap in net income to US$4.8m for the three months to the end of September.
Net sales rose almost 15% to $117m with the bulk of the increase coming from The Cream of Wheat, a cereals business that B&G bought in February.
Chief executive David Wenner said: “Cream of Wheat continues to perform well and has contributed meaningfully to our top and bottom line growth.
“Our base business has been stable in the face of a challenging cost environment and we continue to evaluate pricing actions to counter foreseeable cost increases as we review our product lines for the balance of 2007 and 2008.”
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