B&G Foods has completed its acquisition of the Crisco brand of oils and shortening from The J. M. Smucker Co. for $550 million in cash, subject to a customary adjustment based upon inventory at closing. As part of the acquisition, B&G Foods also acquired a manufacturing facility and warehouse in Cincinnati, Ohio.
B&G Foods Acquires Crisco Brand
The company adds the iconic brand to a portfolio of over 50 other brands, including Cream of Wheat, Green Giant, Mama Mary’s, Ortega, Polaner, and Victoria.
Dec 2nd, 2020