B&G Foods acquires Green Giant® and Le Sueur® brands from General Mills in US$765 million deal

November 2, 2015

On November 2, 2015, B&G Foods, Inc. (NYSE: BGS) announced that it had acquired the iconic Green Giant® and Le Sueur® brands, leaders in frozen and canned vegetables, from General Mills, Inc. for $765 million in cash plus an inventory adjustment at closing of approximately $58 million.

Based in Parsippany, New Jersey B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable foods across the United States, Canada and Puerto Rico.

Miller Thomson was Canadian counsel to B&G Foods in this acquisition with a team that included Max Spearn (corporate/M&A), Karen Durell (IP), Eric Dufour (competition) and James Hutchinson and Ron Choudhury (tax).