B&G Foods agrees to acquire College Inn & Kitchen Basics brands for $110M cash from Del Monte in bankruptcy sale

B&G Foods, Inc.

Purchase price $110M cash, subject to inventory adjustment; assumption of certain liabilities.
Expected close Q1 2026 subject to bankruptcy court approval and two other simultaneous bankruptcy sales.
Projected annualized net sales $110-120M, adjusted EBITDA $18-22M, adjusted EPS $0.08-0.12; acquisition immediately accretive.
Expected tax benefits of ~$15M on NPV basis; purchase price multiple ~5.5x adjusted EBITDA (4.8x net of tax benefits).
Funding from cash on hand, divestiture proceeds, and revolving loans under existing credit facility.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

B&G Foods, Inc. entered into asset purchase agreement with Del Monte Foods Holdings Limited valued at $110 million in cash (effective 2026-01-15).

Action: entry
Agreement: asset purchase
Counterparty: Del Monte Foods Holdings Limited
Value: $110 million in cash
Effective: 2026-01-15

Exact text from the filing

On January 15, 2026, B&G Foods, Inc. and B&G Foods North America, Inc., a wholly owned operating subsidiary of B&G Foods, entered into an asset purchase agreement with Del Monte Foods Holdings Limited and certain of its affiliates, pursuant to which B&G Foods North America has agreed to acquire the College Inn and Kitchen Basics broth and stock business from Del Monte Foods for a purchase price of $110 million in cash, subject to an adjustment based upon inventory at closing, and assumption of certain liabilities.

View on SEC.gov

Browse all material agreements →

B&G Foods, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-004534

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.