B&G Foods, Nortera terminate Green Giant Canada sale after Canadian approval missed Sept 24 outside date

B&G Foods, Inc.

Asset purchase agreement signed Oct 24, 2025 was terminated Oct 5, 2026 after approval under Canada's Competition Act was not obtained by the Sept 24, 2026 outside date.
Nortera Foods will pay B&G Foods US$1.6 million, consisting of a contractually required termination fee and reimbursement of a portion of B&G Foods' legal expenses.
B&G Foods will continue to own and operate Green Giant Canada; Nortera remains the primary co-manufacturer for Green Giant Canada.
CEO Robert D. Mills said Green Giant is the No. 1 brand in frozen and shelf-stable vegetables in Canada; B&G will keep evaluating a sale, strategic partnerships or other alternatives.
Nortera Interim CEO and CFO Erwan Hediar said the company remains committed to Canadian vegetable production and its strategic partnership with B&G Foods.

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