M&A Deal Summary

B&G Foods Acquires Back to Nature Foods Company

On August 20, 2017, B&G Foods acquired food company Back to Nature Foods Company from Brynwood Partners for 163M USD

Acquisition Highlights
  • This is B&G Foods’ 14th transaction in the Food sector.
  • This is B&G Foods’ 7th largest (disclosed) transaction.
  • This is B&G Foods’ 14th transaction in the United States.
  • This is B&G Foods’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2017-08-20
Target Back to Nature Foods Company
Sector Food
Buyer(s) B&G Foods
Sellers(s) Brynwood Partners
Deal Type Add-on Acquisition
Deal Value 163M USD

Target

Back to Nature Foods Company

Madison, Wisconsin, United States
Back to Nature Foods Company LLC is a food manufacturer. Back to Nature offers a wide range of products including, crackers and cookies, nuts and trail mixes, granola and macaroni and cheese. Back to Nature Foods Company LLC was established in 1960 and is based in Madison, Wisconsin.

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Buyer(S) 1

Buyer

B&G Foods

Parsippany, New Jersey, United States

Category Company
Founded 1822
Sector Food
Employees2,967
Revenue 2.1B USD (2023)
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 founded in 1822 and is based in Parsippany, New Jersey.


DEAL STATS #
Overall 14 of 19
Sector (Food) 14 of 19
Type (Add-on Acquisition) 7 of 9
State (Wisconsin) 1 of 1
Country (United States) 14 of 19
Year (2017) 1 of 1
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-02 Victoria Fine Foods

Brooklyn, New York, United States

Victoria Fine Foods LLC is a producer and marketer of specialty Italian food products, including all natural pasta sauces, Italian condiments, and other premium Italian products. Victoria Fine Foods products are predominantly sold in supermarkets, warehouse clubs, and specialty stores throughout the U.S. and Canada.

Buy $70M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 TreeHouse Foods - McCann’s Irish Oatmeal

Oak Brook, Illinois, United States

TreeHouse Foods, Inc. - McCann’s Irish Oatmeal is a provider of classic traditional steel cut Irish oatmeal as well as convenience-oriented products.

Buy $32M

Seller(S) 1

SELLER

Brynwood Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Brynwood Partners is a private equity firm that makes control investments in lower mid-market companies. The Firm has a preference for companies that are underperforming and/or undervalued, failed leveraged buy-outs or businesses that are under-financed and in need of an equity infusion. Target sectors include consumer products, light manufacturing in low capital intensive industries, service businesses and specialty retail companies. The Firm looks for opportunities valued between $25 and $500 million. Brynwood was formed in 1984 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 15 of 18
Sector (Food) 6 of 8
Type (Add-on Acquisition) 9 of 10
State (Wisconsin) 1 of 1
Country (United States) 14 of 17
Year (2017) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-04 Carolina Beverage Group

Mooresville, North Carolina, United States

Carolina Beverage Group manufacturers its high-quality products out of its three strategically located state-of-the-art manufacturing facilities located in Cold Spring, MN; Mooresville, NC and Fort Worth, TX. The company offers a broad range of value-added production services in a variety of packaging options, including plastic and aluminum cans and glass bottles. Carolina Beverage Group is based in Mooresville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Hometown Food

Chicago, Illinois, United States

Hometown Food is a manufacturer and marketer of dry baking mixes, frozen pancakes, frozen waffles, frozen French toast, ready-to-spread frosting, flour, and other baking ingredients under the Pillsbury®, Funfetti®, Hungry Jack®, White Lily®, Jim Dandy®, Martha White®, Arrowhead Mills®, SunSpire®, De Wafelbakkers®, and Birch Benders® brands. Hometown Food was formed in 2018 and is based in Chicago, Illinois.

Buy $375M