B&G Foods

B&G Foods is a holding company for branded foods.[1] It was founded in 1889 to sell pickles, relish and condiments. The B&G name is from the Bloch and Guggenheimer families, sellers of pickles in Manhattan. It is based in Parsippany, New Jersey and has about 2,500 employees.[2] Kenneth G. Romanzi is the company's CEO and president.[2] B&G has been publicly traded for more than a decade as of 2018 and has been acquiring orphaned brands as part of its growth strategy.[3] Currently, B&G sells frozen and shelf-stable foods.[4]

B&G Foods, Inc.
Public
Traded asNYSE: BGS
S&P 600 Component
IndustryFood
Founded1889
Headquarters
Parsippany, New Jersey
,
United States
Key people
Stephen C. Sherrill
(Chairman)
Ken Romanzi
(President and CEO)
Websitewww.bgfoods.com

B&G acquired several brands from Nabisco including Regina Wine Vinegar, Brer Rabbit Molasses, Wright’s Liquid Smoke, and Vermont Maid Pancake Syrup. The company also owns Trappey’s Fine Foods (maker of Trappey's Hot Sauce from Louisiana and pickled peppers). Other brands include maple syrup and maple candy company Maple Grove Farms of Vermont. From Pillsbury Company, B&G acquired B&M Baked Beans, Ac’cent Flavor Enhancer, Las Palmas Mexican Sauces, Joan of Arc canned ingredient beans, and Underwood meat spreads.[5]

History

It acquired the Polaner All Fruit line of jams, jellies and preserves in 1999. It also sells Emeril Lagasse branded food products. The Ortega brand of Mexican chiles and sauces was purchased from Nestlé in 2003.

In October 2004, B&G Foods Holdings Corporation became B&G Foods, Incorporated.[4]

In September 2018, Hershey announced its intent to acquire Pirate Brands from B&G Foods for $420 million in an all-cash deal.[6][7][8]

In May 2019 B&G announced the acquisition of the Clabber Girl Corporation, makers of various baking ingredients such as baking powder, baking soda, corn starch, gelatins and puddings. It had been part of Hulman & Company, owners of INDYCAR and the Indianapolis Motor Speedway. The sale includes Clabber Girl, Rumford, Davis, Hearth Club, Royal, Fleischmann's and Rex (coffee) brands, among others.[9]

Other B&G brands

The company made Forbes Best Small Companies list in 2014[12]

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References
  1. "B&G Foods, Inc. (BGS)". Yahoo! Finance. Retrieved 28 December 2017.
  2. "BGS Profile - B&G Foods, Inc. B&G Foods, Inc. Stock - Yahoo Finance". finance.yahoo.com.
  3. Capital, Nick Mazing, Ampera. "B&G Foods Has a 24% Upside".
  4. "Company Profile". Fidelity. Retrieved April 27, 2019.
  5. "Our History". B&G Foodservice. Retrieved 28 December 2017.
  6. Witkowski, Wallace. "Hershey buying Pirate's Booty maker for $420 million". MarketWatch. Retrieved 2018-09-13.
  7. Editorial, Reuters. "Hershey to buy cheese puffs maker Pirate Brands for $420 million". U.S. Retrieved 2018-09-13.
  8. Gasparro, Annie (2018-09-12). "Hershey to Buy Pirate's Booty Maker for $420 Million". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-09-13.
  9. "B&G Foods Acquires Clabber Girl Corporation". www.bgfoods.com.
  10. Deutsch, Jonathan (31 May 2018). "We Eat What? A Cultural Encyclopedia of Unusual Foods in the United States". ABC-CLIO – via Google Books.
  11. "B&G Foods to Acquire Back to Nature Foods Company". Business Wire (Press release). August 20, 2017.
  12. "B&G Foods on the Forbes America's Best Small Companies List".
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