B&G Foods sells B&M and Joan of Arc bean brands to McCall Farms; proceeds to repay long-term debt

B&G Foods, Inc.

B&G Foods (NYSE: BGS) sold the B&M brand of baked beans and brown bread and the Joan of Arc brand of kidney, chili and other canned beans to McCall Farms, Inc. on October 13, 2026.
Terms of the transaction were not disclosed — no purchase price, revenue contribution or multiple was provided.
B&G intends to use net proceeds to repay long-term debt; CEO Robert D. Mills said the sale supports simplifying the portfolio and reducing leverage.
Mills called McCall Farms 'the right owner for these brands going forward' and said B&G remains focused on core brands and profitable growth.

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