B&G Foods, Inc. has announced the sale of its Don Pepino and Sclafani brands to Violet Foods LLC, a portfolio company of Amphora Equity Partners LLC. The transaction includes the manufacturing facility in Williamstown, New Jersey, where these products are produced. This divestiture aligns with B&G Foods' strategic initiative to focus on its core brands and reduce long-term debt. The net proceeds from the sale will be used for debt repayment. BofA Securities, Inc. served as the financial advisor for this transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. B&G Foods Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250527931977) on May 27, 2025, and is solely responsible for the information contained therein.