$BGS (B&G Foods Inc.)

$BGS {{ '2016-09-21T12:55:27+0000' | timeago}} • Announcement

$BGS agreed to buy spices and seasonings business of ACH Food Companies for about $365MM in cash. The ACH spices and seasonings business includes Spice Islands, Tone's and Durkee brands as well as Weber brand sauces and seasonings. $BGS is also buying a manufacturing facility in Ankeny, Iowa. The purchase will close during 4Q16.

$BGS {{ '2017-10-02T21:40:31+0000' | timeago}} • Announcement

$BGS completed the acquisition of Back to Nature Foods from Brynwood Partners, $MDLZ and certain other entities and individuals. $BGS projects that following the completion of a six-month integration period, the acquired business will generate on an annualized basis net sales of about $80MM and adjusted EBITDA of about $17MM.

$BGS {{ '2017-10-02T21:40:17+0000' | timeago}} • Announcement

$BGS completed the acquisition of Back to Nature Foods Co., a player in the better-for-you snack foods category, from Brynwood Partners, $MDLZ and certain other entities and individuals for about $162.5MM in cash. $BGS expects the acquisition to be immediately accretive to its EPS and free cash flow.

$BGS {{ '2017-08-21T13:00:10+0000' | timeago}} • Announcement

Food firm $BGS inked a definitive agreement to acquire Back to Nature Foods Company, LLC from Brynwood Partners, Mondelēz International and others for approx $162.5MM in cash. The deal will be accretive to $BGS EPS and free cash flow and garner annualized net sales of approx. $80MM and adjusted EBITDA of approx. $17MM. The deal will close in 3Q17.

$BGS {{ '2017-08-14T12:27:37+0000' | timeago}} • Announcement

$BGS appointed Bruce Wacha as new EVP of Corporate Strategy and Business Development, effective Aug. 21, 2017. Wacha will oversee corporate strategy and business development, including M&A, capital markets transactions and investor relations and serve on executive management team. He joins $BGS from $ANFI, where he was CFO and executive director.

$BGS {{ '2017-08-02T14:58:23+0000' | timeago}} • Announcement

$BGS has declared a regular quarterly cash dividend of $0.465 per share of common stock. The dividend is payable on Oct 30, 2017 to shareholders as of Sept 29, 2017.

$BGS {{ '2017-03-30T12:03:40+0000' | timeago}} • Announcement

$BGS priced a registered public offering of $500.0MM aggregate principal amount of 5.25% senior notes due 2025 The net proceeds of $493MM after costs will be used to repay outstanding borrowings under B&G Foods' revolving credit facility and outstanding amounts due in respect of B&G Foods' tranche A term loans, and related fees and expenses.

$BGS {{ '2017-03-20T16:14:33+0000' | timeago}} • Announcement

$BGS intends to refinance existing indebtedness under its senior secured credit facility by reducing the interest rate applicable to $640MM of tranche B term loans.

$BGS {{ '2017-03-16T12:25:54+0000' | timeago}} • Announcement

$BGS said CFO Thomas Crimmins has resigned effective March 24, 2017 to pursue other opportunities. The company has initiated a search for a new CFO and until one is appointed, Amy Chiovari, currently its Corporate Controller, will serve as Interim CFO, effective upon Crimmins' departure.

$BGS {{ '2016-12-05T13:03:13+0000' | timeago}} • Announcement

Food company $BGS said it has acquired Victoria Fine Food Fine Holding Company and Victoria Fine Foods, LLC from Huron Capital Partners for approx. $70.0MM in cash. $BGS expects the acquired business to generate on an annualized basis net sales of approx. $41.0MM and adjusted EBITDA of approx. $9.0MM.

$BGS {{ '2016-11-22T17:53:50+0000' | timeago}} • Announcement

$BGS completed acquisition of spices and seasonings business of ACH Food Companies. $BGS expects the acquired business, after the acquisition is fully integrated, to generate on an annualized basis net sales of $220-225MM, adjusted EBITDA of $38-40MM and adjusted EPS of $0.26-0.28.

$BGS {{ '2016-11-22T17:52:20+0000' | timeago}} • Announcement

$BGS completed acquisition of spices and seasonings business of ACH Food Companies, a supplier of spices and seasonings to retail and food service customers, for $365MM in cash. $BGS expects acquisition to be immediately accretive to its EPS and free cash flow.

$BGS {{ '2016-10-17T10:43:50+0000' | timeago}} • Announcement

$BGS closed its public offering of 3.75MM shares of its common stock at a public offering price of $49 per share. In connection with the offering, $BGS granted underwriters an option for a 30 days period to buy up to an additional 550,000 common shares.

$BGS {{ '2016-09-21T13:00:28+0000' | timeago}} • Announcement

$BGS agreed to buy spices and seasonings business of ACH Food Companies. As this will be structured as asset purchase, $BGS expects to realize about $83MM in tax benefits on net present value basis. At midpoint of $BGS' 2017 projected adjusted EBITDA, acquisition represents purchase price multiple of about 9.4 times adjusted EBITDA.

$BGS {{ '2016-09-21T12:58:11+0000' | timeago}} • Announcement

$BGS agreed to buy spices and seasonings business of ACH Food Companies. $BGS expects the acquired business to generate, beginning in 2017, on an annualized basis net sales of $220-225MM, adjusted EBITDA of $38-40MM and adjusted EPS of $0.26-0.28.

$BGS {{ '2016-09-21T12:56:24+0000' | timeago}} • Announcement

$BGS agreed to buy spices and seasonings business of ACH Food Companies. $BGS plans to fund the acquisition and related fees and expenses with cash on hand, including the net proceeds of its August 2016 public offering of common stock, and additional revolving loans under its existing credit facility.

$BGS {{ '2016-09-21T12:55:27+0000' | timeago}} • Announcement

$BGS agreed to buy spices and seasonings business of ACH Food Companies for about $365MM in cash. The ACH spices and seasonings business includes Spice Islands, Tone's and Durkee brands as well as Weber brand sauces and seasonings. $BGS is also buying a manufacturing facility in Ankeny, Iowa. The purchase will close during 4Q16.

$BGS {{ '2016-09-13T15:14:42+0000' | timeago}} • Announcement

$BGS said it expects the Spartan Foods acquisition to be immediately accretive to its EPS and free cash flow. The company projects that after being fully integrated into $BGS, the Mama Mary's brand will generate net sales of about $35MM and adjusted EBITDA of about $7.5MM on an annualized basis.

$BGS {{ '2016-09-13T15:14:18+0000' | timeago}} • Announcement

Food company $BGS has acquired Spartan Foods of America, Inc. dba Mama Mary's and related entities from Linsalata Capital Partners and certain other sellers for approx. $50MM in cash, subject to certain post-closing adjustments. $BGS funded the acquisition and will pay related fees and expenses with cash on hand.

$BGS {{ '2015-09-22T12:12:07+0000' | timeago}} • Announcement

$GIS proposed to sell the Green Giant and Le Sueur vegetables businesses to B&G Foods, Inc. ($BGS) for $765MM in cash, subject to an inventory adjustment at closing. $GIS will continue to operate Green Giant business in Europe and select other export markets under license from $BGS. The transaction is expected to close by end of the calendar year.

$BGS {{ '2015-09-03T18:26:57+0000' | timeago}} • Announcement

$GIS General Mills, Inc., agreed to sell Green Giant & Le Sueur businesses to B&G Foods, Inc., $BGS for approx. $765MM in cash, subject to inventory adjustment at closing. Expects transaction to close by calendar year-end. The deal is expected to be dilutive to FY16 EPS of approx. $0.05-0.07, barring transaction costs & one-time gain on the sale.

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