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B&G Foods
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Updated Oct 13, 2026
B&G Foods divests B&M and Joan of Arc brands to McCall Farms; proceeds earmarked for debt reduction.
B&G Foods sold the B&M baked beans and brown bread brand and the Joan of Arc canned beans brand to McCall Farms on October 13, 2026, as part of a portfolio simplification and balance-sheet strengthening initiative. The company intends to use net proceeds to repay long-term debt. Financial terms were not disclosed, and no guidance on the transaction's impact on full-year results or leverage metrics was provided.
Tone: neutralRevenue
$1.8B
BGS 10-K · FY 2026
Employees
2,497
Revenue FY2024
$1.9B
Headquarters
Parsippany, NJ
Profile
BGS 10-K Item 1 · Mar 3, 2026B&G Foods manufactures, sells and distributes a diverse portfolio of branded, shelf-stable and frozen food and household products across the United States, Canada and Puerto Rico. The company operates four reportable segments — Specialty, Meals, Frozen & Vegetables, and Spices & Flavor Solutions — and has built its business through more than 50 brand acquisitions since 1996. Management is actively reshaping the portfolio through select divestitures while pursuing complementary acquisitions to sharpen margins and reduce long-term debt.
Read filing description ↓ Collapse description ↑
B&G Foods manufactures, sells and distributes a diverse portfolio of branded, high-quality, shelf-stable and frozen food and household products across the United States, Canada and Puerto Rico. Many of our branded products have leading regional or national market shares. In general, we position our products to appeal to the consumer desiring a high-quality and reasonably priced product. We complement our branded product retail sales with institutional and foodservice sales and private label sales. B&G Foods, including our subsidiaries and predecessors, has been in business for over 130 years. Our company has been built upon a successful track record of both organic and acquisition-related growth. Our goal is to continue to increase sales, profitability and cash flows through organic growth, disciplined acquisitions of complementary branded businesses and new product development. Since 1996, we have successfully acquired and integrated more than 50 brands into our company. We have four reportable segments: Specialty, which includes brands such as Crisco, Clabber Girl, Bear Creek, Polaner and Underwood; Meals, which includes Ortega, Maple Grove Farms, Cream of Wheat and Las Palmas; Frozen & Vegetables, which primarily includes the Green Giant brand; and Spices & Flavor Solutions, which includes Dash, Spice Islands, Weber, Tone's and Durkee. We sell, market and distribute our products through a multiple-channel system to all major U.S. food channels, including supermarkets, mass merchants, warehouse clubs, wholesalers, foodservice distributors and e-tailers.
Primary products
- Green Giant vegetables
- Crisco oils and shortening
- Ortega Mexican food products
- Clabber Girl baking products
- Maple Grove Farms maple syrup
- Cream of Wheat hot cereals
Business segments
End markets
Geographies
Named customers
Our top ten customers accounted for approximately 63.6% of our net sales and approximately 68.0% of our end of the year receivables for fiscal 2025. Other than Walmart, which accounted for approximately 31.0% of our fiscal 2025 net sales, no single customer accounted for 10.0% or more of our fiscal 2025 net sales.
Named competitors
“Many of our branded products have leading regional or national market shares.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Total segment net sales declined from approximately $1.93 billion in fiscal 2024 to approximately $1.83 billion in fiscal 2025, driven by declines across the Specialty, Meals and Frozen & Vegetables segments.
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