B&G Foods has announced that it will purchase snack maker Back to Nature Foods Company from Brynwood Partners, Mondelēz International and other entities in a deal worth $162.5 million.
It is expected that the acquisition will close during the third quarter of 2017 and B&G Foods predicts that the Back to Nature business will generate net sales of around $80 million and EBITDA of approximately $17 million.
Back to Nature focuses on the healthy snacking category, and its product offerings include non-GMO, organic and gluten-free crackers, cereals and juices. It also offers the SnackWell’s brand of low-fat and no-fat snacks.
B&G Foods CEO Robert C Cantwell said: “We are very pleased to add Back to Nature to the B&G Foods family of brands. Consistent with our acquisition strategy and our recent Green Giant, spices and seasonings and Victoria acquisitions, we are continuing to diversify our portfolio of brands and invest in brands and products that we believe are most relevant to today’s consumer.”
B&G Foods and its subsidiaries manufacture, sell and distribute a portfolio of shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Based in New Jersey, its brands include Green Giant, Old London and JJ Flats.
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