“We are excited to have reached an agreement to acquire Specialty Brands of America,” said David L Wenner, president and CEO of B&G Foods. “Under the leadership of American Capital and Dom Bastien, the founder and CEO of Specialty Brands, the company has built a solid and profitable business that continues to grow.”
B&G Foods projects that, following the acquisition, Specialty Brands will generate on an annualised basis after being fully integrated into B&G Foods net sales of approximately $85m and adjusted EBITDA of approximately $20m.
Source: B&G Foods
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