M&A Deal Summary

B&G Foods Acquires Spartan Foods of America

On July 13, 2015, B&G Foods acquired food company Spartan Foods of America from Linsalata Capital Partners for 50M USD

Acquisition Highlights
  • This is B&G Foods’ 10th transaction in the Food sector.
  • This is B&G Foods’ 12th largest (disclosed) transaction.
  • This is B&G Foods’ 10th transaction in the United States.
  • This is B&G Foods’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2015-07-13
Target Spartan Foods of America
Sector Food
Buyer(s) B&G Foods
Sellers(s) Linsalata Capital Partners
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Spartan Foods of America

Spartanburg, South Carolina, United States
website
Spartan Foods of America is a manufacturer of branded pizza crusts sold primarily through grocery and retail channels.

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Buyer(S) 1

Buyer

B&G Foods

Parsippany, New Jersey, United States

website


Category Company
Founded 1822
Sector Food
Employees2,982
Revenue 2.1B USD (2021)
DESCRIPTION

B&G Foods is a manufacturer, seller and distributor of a diversified portfolio of high-quality, shelf-stable branded food products including pickles and peppers, hot sauces, wine vinegar, maple syrup, molasses, snack foods, fruit spreads, pasta sauces, beans, ready-to-use spices, salad dressings, marinades, taco shells and kits, and taco sauce and seasonings. B&G Foods was incorporated in 1822 and is based in Parsippany, New Jersey.


DEAL STATS #
Overall 10 of 19
Sector (Food) 10 of 19
Type (Add-on Acquisition) 5 of 9
State (South Carolina) 1 of 1
Country (United States) 10 of 19
Year (2015) 1 of 2
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-03 Specialty Brands of America

Westbury, New York, United States

Specialty Brands is a packaged foods company with a portfolio of strong and differentiated brands. Specialty Brands’ largest brand is Bear Creek Country Kitchens. Bear Creek is the leading brand of hearty dry soups in the United States. Bear Creek also offers a line of savory pasta dishes and hearty rice dishes. Specialty Brands also offers Spring Tree, Cary’s and MacDonald’s pure maple syrups and pancake syrups, New York Flatbreads and Canoleo margarine.

Buy $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-03 General Mills - Green Giant and Le Sueur Brands

Minneapolis, Minnesota, United States

General Mills - Green Giant and Le Sueur brands is a provider of nutritious vegetables food products.

Buy $765M

Seller(S) 1

SELLER

Linsalata Capital Partners

Mayfield Heights, Ohio, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Linsalata Capital Partners is a middle-market buyout firm that targets equity investments in businesses operating in a broad range of industries. Linsalata looks to invest $15 to $50 million in businesses generating at least $5 million in EBITDA. The Firm will consider transactions valued up to $300 million. Target sectors include automotive aftermarket products, building products, business services, aerospace, commercial durables, consumer packaged goods, contract manufacturing services, direct marketing, education, ethnic products, food and beverage, food service equipment, health and safety products, healthcare services and outsourcing, hobby/crafts, home furnishing, home improvement products, industrial products, infastructure products, leisure/recreation, logistics, medical devices and diagnostics, niche apparel, outdoor/garden living, packaging, personal services, pet products and services, and plastics. Linsalata Capital was formed in 1984 and is based in Mayfield Heights, Ohio.


DEAL STATS #
Overall 32 of 41
Sector (Food) 1 of 3
Type (Add-on Acquisition) 18 of 21
State (South Carolina) 2 of 2
Country (United States) 32 of 41
Year (2015) 1 of 2
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 RANDYS

Everett, Washington, United States

RANDYS is a national automotive aftermarket provider of highly engineered components under the Yukon and USA Standard brands. The company's main product categories include differentials, ring & pinion, and axle products that are generally used to improve the towing and/or traction performance of a vehicle. RANDYS was founded in 1982 and is based in Everett, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 Eatem Foods

Vineland, New Jersey, United States

Eatem Foods Co. is a developer and producer of premium traditional, natural and organic savory flavor systems. Built on a rich, culinary heritage, Eatem provides the foundation for many of the country’s most recognizable savory brands.

Sell -