Food manufacturer B&G Foods aims to beef up its supply chain capabilities and offset inflation woes through the acquisition of Growers Express’ frozen vegetable manufacturing operations.
Growers Express manufactures, produces, packages, and sells frozen vegetable products under the Green Giant brand, and the purchased assets include inventory, equipment, a sublease for a portion of a manufacturing facility in Yuma, AZ, and a lease for a warehouse facility in San Luis, AZ.
As part of the acquisition, B&G Foods also repurchased the master license agreement for certain Green Giant products and will assume responsibility for the administration of related sublicense agreements.
Approximately 155 employees will also become B&G Foods employees.
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Casey Keller, B&G Foods president and CEO, said Growers Express has been a key partner for a number of years, and increasing the variety and volume of Green Giant products produced at internal manufacturing facilities are expected to reduce inefficiencies, costs, and supply chain risk for certain items.
“We also believe that this acquisition will enhance our innovation efforts for the Green Giant brand and improve our speed to market for new innovation,” Keller added.
Terms of the deal weren’t disclosed.
B&G Foods is based in Parsippany, NJ, and includes such brands as Back to Nature, B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands, and Victoria in its portfolio.