B&G Foods
| Traded as |
NYSE: BGS S&P 600 Component |
|---|---|
| Website |
www |
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] Robert C. Cantwell 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]
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.[4]
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 September 2018, Hershey announced to buy Pirate Brands from B&G Foods for $420 million in an all-cash deal.[5][6][7]
Other B&G brands
- Grandma’s Molasses, purchased from the Mott’s Company
- Cream of Wheat, purchased from Kraft Foods in 2007.
- Sclafani and Don Pepino tomato products
- Mrs. Dash
- Molly McButter
- Spice Islands seasonings
- Sugar Twin sugar substitute
- Baker’s Joy baking spray with flour
- Static Guard and Kleen Guard furniture polish
- Mrs. Fanning’s Bread & Butter Pickles[8]
- Chipita, snack chips and bagel crisps
- Green Giant
The company made Forbes Best Small Companies list in 2014[9]
References
- ↑ "B&G Foods, Inc. (BGS)". Yahoo! Finance. Retrieved 28 December 2017.
- 1 2 "BGS Profile - B&G Foods, Inc. B&G Foods, Inc. Stock - Yahoo Finance". finance.yahoo.com.
- ↑ Capital, Nick Mazing, Ampera. "B&G Foods Has a 24% Upside".
- ↑ "Our History". B&G Foodservice. Retrieved 28 December 2017.
- ↑ Witkowski, Wallace. "Hershey buying Pirate's Booty maker for $420 million". MarketWatch. Retrieved 2018-09-13.
- ↑ Editorial, Reuters. "Hershey to buy cheese puffs maker Pirate Brands for $420 million". U.S. Retrieved 2018-09-13.
- ↑ 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.
- ↑ Deutsch, Jonathan (31 May 2018). "We Eat What? A Cultural Encyclopedia of Unusual Foods in the United States". ABC-CLIO – via Google Books.
- ↑ "B&G Foods on the Forbes America's Best Small Companies List".
Further reading
- International directory of company histories, Volume 40 by Jay P. Pederson, St. James Press, Jul 16, 2001