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

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to acquire the broth and stock business of Del Monte Foods Corporation II Inc. and its affiliates, including the College Inn and Kitchen Basics brands, for approximately $110 million in cash, subject to an inventory adjustment at closing, and assumption of certain liabilities. B&G Foods was the winning bidder for the broth and stock business following a competitive auctio