M&A Deal Summary

B&G Foods Acquires Green Giant

On September 3, 2015, B&G Foods acquired food company Green Giant from General Mills for 765M USD

Acquisition Highlights
  • This is B&G Foods’ 12th transaction in the Food sector.
  • This is B&G Foods’ largest (disclosed) transaction.
  • This is B&G Foods’ 12th transaction in the United States.
  • This is B&G Foods’ 4th transaction in New Jersey.

M&A Deal Summary

Date 2015-09-03
Target Green Giant
Sector Food
Buyer(s) B&G Foods
Sellers(s) General Mills
Deal Type Divestiture
Deal Value 765M USD

Target

Green Giant

Parsippany, New Jersey, United States
Green Giant is a provider of nutritious vegetable food products. Green Giant is based in Parsippany, New Jersey.

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Buyer(S) 1

Buyer

B&G Foods

Parsippany, New Jersey, United States

Category Company
Founded 1822
Sector Food
Employees2,784
Revenue 1.9B USD (2024)
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 12 of 20
Sector: Food M&A 12 of 20
Type: Divestiture M&A Deals 7 of 11
State: New Jersey M&A 4 of 4
Country: United States M&A 12 of 20
Year: 2015 M&A 3 of 3
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-03 Le Sueur Brand

Parsippany, New Jersey, United States

Le Sueur Brand is a vegetable brand offering products such as petite sweet peas, whole green beans, and sliced carrots. Le Sueur Brand is based in Parsippany, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-21 ACH Food - Spices & Seasonings Business

United States

ACH Food - Spices & Seasonings Business is a supplier of spices and seasonings to retail and food service customers.

Buy $365M

Seller(S) 1

SELLER

General Mills

Minneapolis, Minnesota, United States

Category Company
Founded 1866
Sector Food
Employees34,000
Revenue 19.9B USD (2024)
DESCRIPTION
Entrance to General Mills' corporate headquarters in Minneapolis.
Entrance to General Mills' corporate headquarters in Minneapolis.

General Mills is a multinational manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the foodservice and commercial baking industries. General Mills' portfolio includes a wide range of well-known brands such as Cheerios, Yoplait, Betty Crocker, Pillsbury, Haagen-Dazs, Annie's Homegrown, and Nature Valley, among others. The company's products encompass various categories, including cereals, yogurt, snack bars, meal kits, ready-to-eat meals, and frozen desserts. General Mills was founded in 1866 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 7 of 12
Sector: Food M&A 5 of 10
Type: Divestiture M&A Deals 6 of 11
State: New Jersey M&A 2 of 2
Country: United States M&A 7 of 10
Year: 2015 M&A 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-03 Le Sueur Brand

Parsippany, New Jersey, United States

Le Sueur Brand is a vegetable brand offering products such as petite sweet peas, whole green beans, and sliced carrots. Le Sueur Brand is based in Parsippany, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-23 Carolina Administracao e Participacoes Societarias

Ribeirao Claro, Brazil

Carolina Administracao e Participacoes Societarias Ltda. is a family-owned brazilian yogurt and dairy products producer.

Buy -