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B&G acquires Green Giant for $765M from General Mills

Sep 03, 2015 - The Deal Pipeline
Mergers and Acquisitions

B&G Foods Inc. (BGS), the Parsippany, N.Y.-based food group, is plunking down about $765 million in cash to acquire the Green Giant and Le Sueur brands in North America from General Mills Inc. (GIS), the companies announced on Thursday.

The two brands are makers of frozen and canned vegetables. The deal is expected to close in the fourth quarter.

General Mills said it will continue to operate the Green Giant business in Europe and certain other export markets under license from B&G F...