BGS News & Events

B&G Foods (BGS) announced that it has sold its Green Giant U.S. frozen vegetable product line to Seneca Foods (SENEA). B&G Foods previously sold the Green Giant U.S. shelf-stable vegetable product line to Seneca Foods in November 2023 and the Le Sueur U.S. shelf-stable vegetable product line to McCall Farms in August 2025. In addition, in October 2025, B&G Foods entered into an agreement to sell the Green Giant and Le Sieur frozen and shelf-stable vegetable product lines in Canada to Nortera Foods. B&G Foods expects that sale to close during the second quarter of 2026, subject to regulatory approval in Canada and the satisfaction of customary closing conditions. The sale, which is effective immediately, includes B&G Foods' frozen vegetable manufacturing operations in Yuma, Arizona. B&G Foods will maintain its frozen vegetable manufacturing operations in Irapuato, Mexico and has entered into a co-pack agreement with Seneca Foods pursuant to which B&G Foods will continue to produce certain Green Giant frozen products for Seneca Foods. B&G Foods intends to use the proceeds from the sale for general corporate purposes, including the repayment of long-term debt and the purchase of assets useful in B&G Foods' business, and to pay taxes, fees and expenses related to the sale. The terms of the transaction were not disclosed. Barclays Capital Inc. and Deutsche Bank Securities Inc. acted as financial advisors to B&G Foods.

Seneca Foods (SENEA) has purchased the Green Giant U.S. frozen business from B&G Foods (BGS). In connection with the transaction, the Company has acquired the Green Giant brand and associated intellectual property; Green Giant U.S. frozen inventory; and frozen vegetable manufacturing operations in Yuma, AZ. In addition, the Company has entered into a Supply Agreement for certain Green Giant frozen products produced in Irapuato, Mexico by B&G Foods. This transaction follows the Company's acquisition of the Green Giant U.S. shelf-stable vegetable product line from B&G Foods in November 2023.

Del Monte Foods Corporation II announced that it has received Court approval for three asset purchase agreements for substantially all of its assets and business operations as going-concern businesses. The Sale Transactions are: The sale to Fresh Del Monte Produce (FDP) of the company's vegetable, tomato, and refrigerated fruit business assets, including Del Monte and S&W packaged vegetable brands, Del Monte, Contadina, and Take Root Organics packaged tomato brands, Del Monte refrigerated fruit brand, and the JOYBA beverage brand, together with global ownership of the Del Monte brand and related intellectual property, subject to existing licensing arrangements; The sale to B&G Foods (BGS) of all assets in the broth & stock business segment, including College Inn and Kitchen Basics brands; and The sale to Pacific Coast Producers of the shelf-stable fruit business assets, including the rights and licenses to use the Del Monte and S&W brands for shelf-stable packaged ambient fruit and ambient fruit sauces, in the United States (including Puerto Rico) and Mexico. The Sale Transactions are expected to close in the first quarter and are subject to customary closing conditions.