B&G Foods, Inc. announced on May 27, 2025, the sale of its Don Pepino and Sclafani brands to Violet Foods LLC, a portfolio company of Amphora Equity Partners LLC. The transaction included the manufacturing facility in Williamstown, New Jersey, where these products are produced.
The divested brands encompass pizza and spaghetti sauces, crushed tomatoes, tomato puree, and whole peeled tomatoes. This divestiture aligns with B&G Foods' strategy to reshape its portfolio, concentrate on core brands, and reduce its long-term debt.
Casey Keller, President and CEO of B&G Foods, stated that the net proceeds from the sale are intended for the repayment of long-term debt. The terms of the transaction were not disclosed, but this move is a clear step towards a more focused and financially robust company.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.