B&G Foods acquires Specialty Brands of America for $155M B&G Foods announced that it has entered into an agreement to acquire Specialty Brands of America and related entities for approximately $155M in cash, subject to certain closing and post-closing adjustments. B&G Foods projects that following the acquisition, Specialty Brands will generate on an annualized basis after being fully integrated into B&G Foods net sales of approximately $85M and adjusted EBITDA of approximately $20M. B&G Foods intends to fund the acquisition with cash on hand and borrowings under its existing revolving credit facility. B&G Foods expects the acquisition to close during Q2 or Q3, subject to regulatory approval and the satisfaction of customary closing conditions. B&G Foods expects the deal to be immediately accretive to EPS and free cash flow.
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