M&A Deal Summary

B&G Foods Acquires Rickland Orchards

On October 7, 2013, B&G Foods acquired food company Rickland Orchards from Natural Instincts for 58M USD

Acquisition Highlights
  • This is B&G Foods’ 8th transaction in the Food sector.
  • This is B&G Foods’ 11th largest (disclosed) transaction.
  • This is B&G Foods’ 8th transaction in the United States.
  • This is B&G Foods’ 2nd transaction in New Jersey.

M&A Deal Summary

Date 2013-10-07
Target Rickland Orchards
Sector Food
Buyer(s) B&G Foods
Sellers(s) Natural Instincts
Deal Type Divestiture
Deal Value 58M USD

Target

Rickland Orchards

Fairfield, New Jersey, United States
website
Rickland Orchards LLC is a producer of Greek yogurt-coated granola bars and bites. Rickland Orchards’ products blend a strained Greek yogurt coating with roasted nuts, granola and fruit to create convenient, great-tasting and protein-packed snacks, and can be found in over 15,000 locations in North America.

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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 8 of 19
Sector (Food) 8 of 19
Type (Divestiture) 5 of 10
State (New Jersey) 2 of 2
Country (United States) 8 of 19
Year (2013) 3 of 3
Size (of disclosed) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-10 Robert s American Gourmet Food

Sea Cliff, New York, United States

Robert's American Gourmet Food LLC (dba Pirate Brands) markets and sells better-for-you, salty snacks to natural and mainstream retailers nationwide. The company offers a variety of natural snacks made from puffed corn and rice, heart-healthy oils and high quality natural seasonings including real aged white cheddar, spinach and kale. Pirate Brands’ products include Pirate’s Booty, Smart Puffs and Tings among others.

Buy $195M
FOLLOWING 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

Seller(S) 1

SELLER

Natural Instincts

United States

Category Company
Sector Food
DESCRIPTION

Natural Instincts LLC, is a yogurt-coated granola bars and bites


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1