B&G Foods Announces Agreement to Acquire the College Inn® and Kitchen Basics® Brands

Core Viewpoint - B&G Foods, Inc. has announced the acquisition of Del Monte Foods Corporation's broth and stock business for approximately $110 million in cash, which is subject to an inventory adjustment at closing and includes the assumption of certain liabilities [1] Group 1: Acquisition Details - The acquisition includes the College Inn and Kitchen Basics brands [1] - B&G Foods was the winning bidder for the broth and stock business following a competitive auction [1]