B&G Foods To Acquire Back To Nature Foods

(RTTNews) - B&G Foods, Inc. (BGS), a manufacturer of branded shelf-stable and frozen foods, announced today that it has entered into a definitive agreement to acquire Back to Nature Foods Company, LLC from Brynwood Partners VI L.P., Mondelez International and certain other entities and individuals for approx. $162.5 million.

The company expects the acquisition to close during the third quarter of 2017, subject to customary closing conditions, including the receipt of regulatory approvals.

B&G expects the acquisition to be immediately accretive to its earnings per share and free cash flow.

The company intends to fund the acquisition and related fees and expenses with additional revolving loans under its existing credit facility.