B&G Foods, Inc. completed the acquisition of the College Inn and Kitchen Basics broth and stock business from Del Monte Foods Holdings Limited and affiliates for approximately $110 million in cash on March 19, 2026, pursuant to an asset purchase agreement dated January 15, 2026. The transaction adds brands to B&G Foods' portfolio and is expected to be immediately accretive to earnings per share, adjusted EBITDA, and free cash flow.
Key takeaways
Acquisition closed on March 19, 2026, for approximately $110 million in cash
Acquired assets include trademarks, intellectual property, business and customer information, supply agreements, and inventory
Funded with cash on hand, including proceeds from divestitures, and additional revolving loans under existing credit facility
Asset purchase agreement dated January 15, 2026, determined via competitive auction in Del Monte Foods' Chapter 11 bankruptcy
Projected annualized net sales for acquired brands: $110 million to $120 million
Projected annualized adjusted EBITDA for acquired brands: $18 million to $22 million