RBC Capital Raises Price Target on B&G Foods (BGS) Following Announced Acquisition
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B&GÂ Foods to Acquire Spices Business from ACH Food Companies
September 21, 2016 8:30 AM EDTPARSIPPANY, N.J.--(BUSINESS WIRE)-- B& Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to acquire the spices and seasonings business of ACH Food Companies, Inc., a leading supplier of spices and seasonings to retail and food service customers, for approximately $365 million in cash, subject to a post-closing inventory adjustment. The ACH spices and seasonings business includes the Spice Islands, Tones and Durkee brands. The business also includes Weber brand sauces and seasonings, which are sold under license. As part of... More
