B&G Foods Acquires Frozen Vegetable Manufacturing Operations of Growers Express
May 5, 2022
B&G Foods, Inc. acquired the frozen vegetable manufacturing operations of Growers Express, LLC, including inventory, equipment, a sublease for part of a Yuma, Arizona manufacturing facility and a lease for a warehouse in San Luis, Arizona. Approximately 155 employees will transfer to B&G Foods; the company also repurchased the master license agreement for certain Green Giant Fresh products. The transaction was funded with cash on hand and borrowings under B&G's existing credit facility; terms were not disclosed.
- Buyers
- B&G Foods, Inc.
- Targets
- Growers Express, LLC
- Sellers
- Growers Express, LLC
- Industry
- Food & Beverage
- Location
- California, United States
- Transaction Type
- Divestiture
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