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B&G Foods completes sale of Pirate Brands

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B&G Foods Inc.'s other brands include Cream of Wheat, Green Giant, Le Sueur, Mrs. Dash, Ortega and Polaner.
B&G Foods Inc.'s other brands include Cream of Wheat, Green Giant, Le Sueur, Mrs. Dash, Ortega and Polaner. - ()

Parsippany-based food manufacturer B&G Foods completed its sale of Pirate Brands today to the tune of approximately $420 million.

The sale to Derry, Pa.-based The Hershey Co.–under its subsidiary Amplify Snack Brands, acquired last December–is subject to customary closing and post-closing adjustments. It includes snack brands such as Pirate’s Booty, Smart Puffs and Original Tings.

B&G announced the sale on Sep. 12. According to the company, it intends to use proceeds from the sale to pay off outstanding debt, along with taxes, fees and expenses related to the sale.

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Gabrielle Saulsbery

Gabrielle Saulsbery

Albany, N.Y. native Gabrielle Saulsbery is a staff writer for NJBIZ and the newest thing in New Jersey. You can contact her at gsaulsbery@njbiz.com.

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