BGS Expands Portfolio With College Inn, Kitchen Basics Acquisition

Key Takeaways B&G Foods acquired College Inn and Kitchen Basics brands for about $110M to expand cooking essentials.The deal is expected to add $110M-$120M in sales and be accretive to EPS, EBITDA and cash flow.BGS expects the brands to generate $18M-$22M in adjusted EBITDA and add 8-12 cents to EPS.B&G Foods, Inc. (BGS) continues to advance its portfolio transformation strategy with a focus on strengthening the core shelf-stable business. The company recently completed the acquisition of the College Inn an ...