date:Apr 07, 2014
we expect the acquisition to be immediately accretive to our earnings per share and free cash flow.
BG Foods plans to pay with cash on hand and borrowings under its existing revolving credit facility.
The acquisition is the companys fifth since October 2012, when it bought New York Style and Old London brands from Chipita America for $62.5 million. In 2013, BG Foods acquired three more snack brands: Rickland Orchards for $57.5 million, Pirate Brands for $195 million, and TrueNorth for an undi