B&G Foods Acquires the TrueNorth® Brand from DeMet’s Candy Company
PARSIPPANY, N.J. -- May 07, 2013
B&G Foods, Inc. (NYSE: BGS) announced today that it has acquired the TrueNorth
nut cluster brand from DeMet’s Candy Company effective May 6, 2013.
David L. Wenner, President and Chief Executive Officer of B&G Foods, stated,
“We are delighted to welcome TrueNorth to the B&G Foods family. TrueNorth,
which offers a 100% natural snacking experience, is the first addition to our
snacks portfolio since we entered the category last October by acquiring the
New York Style, Old London, JJ Flats and Devonsheer brands.”
TrueNorth nut clusters combine freshly roasted nuts, a dash of sea salt and
just a hint of natural sweetness. Their bite-sized shape makes them ideal for
between meal snacking and on the go nourishment. TrueNorth nut clusters are a
satisfying, delicious way to experience the goodness of nuts. TrueNorth
varieties include: Almond Pecan Crunch, Chocolate Nut Crunch and Cashew
Terms of the transaction were not disclosed. Houlihan Lokey Capital, Inc.
served as the investment banking advisor to DeMet’s.
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and distribute a diversified
portfolio of high-quality, branded shelf-stable foods across the United
States, Canada and Puerto Rico. Based in Parsippany, New Jersey, B&G Foods’
products are marketed under many recognized brands, including Ac’cent, B&G,
B&M, Baker’s Joy, Brer Rabbit, Cream of Rice, Cream of Wheat, Devonsheer, Don
Pepino, Emeril’s, Grandma’s Molasses, JJ Flats, Joan of Arc, Las Palmas, Maple
Grove Farms, Molly McButter, Mrs. Dash, New York Style, Old London, Ortega,
Polaner, Red Devil, Regina, Sa-són, Sclafani, Sugar Twin, Trappey’s,
Underwood, Vermont Maid and Wright’s. B&G Foods also sells and distributes two
branded household products, Static Guard and Kleen Guard.
Statements in this press release that are not statements of historical or
current fact constitute “forward-looking statements.” Such forward-looking
statements involve known and unknown risks, uncertainties and other unknown
factors that could cause the actual results of B&G Foods to be materially
different from the historical results or from any future results expressed or
implied by such forward-looking statements. In addition to statements that
explicitly describe such risks and uncertainties readers are urged to consider
statements labeled with the terms “believes,” “belief,” “expects,” “projects,”
“intends,” “anticipates” or “plans” to be uncertain and forward-looking. The
forward-looking statements contained herein are also subject generally to
other risks and uncertainties that are described from time to time in B&G
Foods’ filings with the Securities and Exchange Commission, including under
Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K for fiscal
2012 filed on February 26, 2013. B&G Foods undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
Don Duffy, 866-211-8151
Matt Lindberg, 203-682-8214
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