M&A Deal Summary

B&G Foods Acquires Growers Express - Frozen Vegetable Manufacturing Operations

On May 5, 2022, B&G Foods acquired food company Growers Express - Frozen Vegetable Manufacturing Operations from Growers Express

Acquisition Highlights
  • This is B&G Foods’ 19th transaction in the Food sector.
  • This is B&G Foods’ 19th transaction in the United States.
  • This is B&G Foods’ 1st transaction in Arizona.

M&A Deal Summary
Date 2022-05-05
Target Growers Express - Frozen Vegetable Manufacturing Operations
Sector Food
Buyer(s) B&G Foods
Sellers(s) Growers Express
Deal Type Divestiture

Target

Growers Express - Frozen Vegetable Manufacturing Operations

Yuma, Arizona, United States
Growers Express' Frozen Vegetable Manufacturing Operations include inventory, equipment, a sublease for a portion of a manufacturing facility in Yuma, Arizona, and a lease for a warehouse facility in San Luis, Arizona. Growers Express' Frozen Vegetable Manufacturing Operations is based in Yuma, Arizona.

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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 19 of 19
Sector (Food) 19 of 19
Type (Divestiture) 10 of 10
State (Arizona) 1 of 1
Country (United States) 19 of 19
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 The J.M. Smucker - Crisco Business

Orrville, Ohio, United States

The J.M. Smucker Co. - Crisco Business is a provider of oils and shortening with additional products include a cooking spray, various olive oils, and other cooking oils, including canola, corn, peanut, olive, sunflower, and blended oils.

Buy $550M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 B&G Foods - Back to Nature

Parsippany, New Jersey, United States

B&G Foods - Back to Nature is a manufacturer of food products.

Sell -

Seller(S) 1

SELLER

Growers Express

Salinas, California, United States
Category Company
Founded 1987
Sector Food
DESCRIPTION

Growers Express LLC is a farmer-owned innovator of premium-quality fresh “value added” vegetable products, including first-to-market innovations such as Cauliflower Crumbles® and vegetable noodles.

DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Divestiture) 2 of 2
State (Arizona) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Growers Express - Commodity Vegetable Business

California, United States

Growers Express LLC - Commodity Vegetable Business assets include the growing, harvesting and selling of field-packed vegetable commodities.

Sell -
Mergr

Product

Company

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