B&G Foods sells B&M and Joan of Arc bean brands to McCall Farms

· Agriculture & Food · United States

B&G Foods agreed to sell its B&M and Joan of Arc bean brands to McCall Farms, the latest divestiture by a company that was once a serial acquirer. B&G said the sale supports its push to sharpen the business around core brands and pay down debt. The move continues a portfolio-pruning trend among packaged-food makers under pressure to improve margins and balance sheets after years of acquisitions. For McCall Farms, the deal adds established canned-bean brands with household recognition. Terms of the transaction were not disclosed in the report, and the impact on B&G's remaining portfolio and leverage will depend on the price and structure.

Why it matters：It is another data point in the packaged-food industry's shift from acquisition-led growth to divestitures that fund debt reduction and core-brand focus.

Key points

  • B&M and Joan of Arc brands go to McCall Farms
  • B&G cites focus on core brands and debt reduction
  • Transaction terms were not disclosed

Sources (original reporting)

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