B&G Foods announced it has sold its Don Pepino and Sclafani brands of pizza and spaghetti sauces, crushed tomatoes, tomato puree, and whole peeled tomatoes to Violet Foods, a newly formed portfolio company of Amphora Equity Partners. The sale included the manufacturing facility in Williamstown, New Jersey. B&G Foods intends to use the net proceeds from the sale for long-term debt repayment. Terms of the transaction were not disclosed.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BGS: