B&G Foods acquires Victoria Fine Foods for $70 mln

Industry:    2016-12-05

B&G Foods Inc

* B&G Foods acquires Victoria Fine Foods

* Deal for $70.0 million

* B&G Foods Inc – deal accretive to earnings per share and free cash flow

* Acquired Victoria Fine Foods Holding Company and Victoria Fine Foods LLC from Huron Capital Partners

* Says funded acquisition and related fees and expenses with cash on hand

* B&G Foods – after integration, Victoria Brand will generate on an annualized basis net sales of about $41.0 million and adjusted EBITDA of about $9.0 million Source text for Eikon: Further company coverage:

 


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