M&A Deal Summary

B&G Foods Acquires Chipita s New York Style & Old London Brands

On September 19, 2012, B&G Foods acquired food company Chipita s New York Style & Old London Brands from Chipita America for 63M USD

Acquisition Highlights
  • This is B&G Foods’ 5th transaction in the Food sector.
  • This is B&G Foods’ 10th largest (disclosed) transaction.
  • This is B&G Foods’ 5th transaction in the United States.

M&A Deal Summary
Date 2012-09-19
Target Chipita s New York Style & Old London Brands
Sector Food
Buyer(s) B&G Foods
Sellers(s) Chipita America
Deal Type Divestiture
Deal Value 63M USD

Target

Chipita s New York Style & Old London Brands

United States
New York Style, the maker of Bagel Crisps®. Old London brand name, which offers a larger array of Melba products. Old London has a wide variety of flavors available in Melba Toasts, Melba Rounds and other snacks. Old London also markets specialty snacks under the Devonsheer® and JJ Flats® names.

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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 5 of 19
Sector (Food) 5 of 19
Type (Divestiture) 3 of 10
Country (United States) 5 of 19
Year (2012) 1 of 1
Size (of disclosed) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Alberto-Culver Specialty Brands

United States

Alberto-Culver Company, Culver Specialty Brands comprises 6 brands including Mrs. Dash providing salt-free seasonings; Baker’s Joy providing no-stick baking spray with flour, Molly McButter providing butter sprinkles with fat free butter and cheese varieties, Static Guard providing static elimination sprays, Sugar Twin providing calorie free sugar substitute and Kleen Guard providing furniture polish.

Buy $325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 DeMet’s TrueNorth Brand

United States

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 Crunch.

Buy -

Seller(S) 1

SELLER

Chipita America

Westchester, Illinois, United States
Category Company
Founded 1988
Sector Food
DESCRIPTION

Chipita America, Inc., is a food service provider.

DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-11 Nonni s

Tulsa, Oklahoma, United States

Nonni's is a manufacturer and marketer of artisanal cookies and other premium baked snacks. Nonni’s premium products are synonymous with artisanal, authentic, and Italian-inspired. Products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing. Nonni's was founded in 1988 and is based in Tulsa, Oklahoma.

Sell -
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