B&G Foods to Divest Green Giant's Canadian Operations to Nortera Foods
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 27 2025
0mins
Should l Buy BGS?
Source: SeekingAlpha
Divestiture of Brands: B&G Foods is selling its Green Giant and Le Sueur frozen and shelf-stable vegetable businesses in Canada to Nortera Foods to focus on its long-term strategy and reduce debt.
Previous Sales: The company has already sold its Green Giant U.S. shelf-stable vegetable line to Seneca Foods and the Le Sueur U.S. business to McCall Farms, and is considering selling its Green Giant U.S. frozen vegetable business next.
Use of Proceeds: The proceeds from the recent sale will be used for general corporate purposes, including the repayment of long-term debt.
Financial Performance: B&G Foods reported a non-GAAP EPS of $0.04, missing expectations, and revenue of $424.4 million, which also fell short of projections.
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Analyst Views on BGS
Wall Street analysts forecast BGS stock price to fall
5 Analyst Rating
0 Buy
4 Hold
1 Sell
Hold
Current: 5.220
Low
3.00
Averages
4.10
High
5.00
Current: 5.220
Low
3.00
Averages
4.10
High
5.00
About BGS
B&G Foods, Inc. manufactures, sells and distributes branded shelf-stable and frozen foods across the United States, Canada, and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, and other specialty products. It operates in four segments: Specialty, Meals, Frozen and Vegetables, and Spices and Flavor Solutions. Its products are marketed under various brands, including Crisco, Clabber Girl, Bear Creek, Polaner, Underwood, B&G, Grandma's, New York Style, B&M, Baker's Joy, Regina, TrueNorth, Static Guard, SugarTwin, Brer Rabbit, Ortega, Maple Grove Farms, Cream of Wheat, Las Palmas, Victoria, Mama Mary's, Spring Tree, McCann's, Carey's, Vermont Maid, Green Giant, Dash, Spice Islands, Weber, Ac'cent, Tone's, Trappey's, Durkee and Wright's.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Tax Consultation Advice: The company advises shareholders to check their 2025 tax statements from brokerage firms to ensure the accuracy of cash distribution information and encourages consulting tax advisors for individual tax treatment.
- Distribution Schedule: The 2025 dividend distribution consists of four payments of $0.19 each, scheduled for January, April, July, and October, ensuring timely receipt of funds for shareholders.
- Company Background Information: Headquartered in Parsippany, New Jersey, B&G Foods manufactures and sells over 50 well-known brands, demonstrating its strong market position in the food industry across the U.S., Canada, and Puerto Rico.
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- Tax Consultation Advice: The company advises shareholders to check their 2025 tax statements received from brokerage firms to ensure the accuracy of cash distribution information and to consult their own tax advisors to determine individual tax treatment.
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- Dividend Distribution Overview: B&G Foods will distribute $0.76 per share in 2025, with all distributions classified as a return of capital rather than taxable dividends, impacting shareholders' tax treatment and investment returns.
- Tax Consultation Advice: The company advises shareholders to check their 2025 tax statements from brokerage firms to ensure the accuracy of cash distribution information and encourages consulting tax advisors for individual tax treatment.
- Distribution Schedule: The 2025 dividend distribution consists of four payments of $0.19 each, scheduled for January, April, July, and October, ensuring timely receipt of funds for shareholders.
- Company Background Information: Headquartered in Parsippany, New Jersey, B&G Foods manufactures and sells over 50 well-known brands, demonstrating its strong market position in the food industry across the U.S., Canada, and Puerto Rico.
See More
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- Dividend Distribution Overview: B&G Foods will distribute $0.76 per share of common stock in 2025, with all distributions classified as a return of capital rather than taxable dividends, thereby affecting shareholders' tax basis.
- Tax Consultation Advice: The company advises shareholders to check their 2025 tax statements received from brokerage firms to ensure the accuracy of cash distribution information and to consult their own tax advisors to determine individual tax treatment.
- Distribution Schedule: A total of four distributions of $0.19 each will be made in 2025, scheduled for payment on January 30, April 30, July 30, and October 27, ensuring shareholders are well-informed about the distribution timeline.
- Company Background Information: Headquartered in Parsippany, New Jersey, B&G Foods operates with over 50 well-known brands, focusing on selling high-quality foods across the U.S., Canada, and Puerto Rico, showcasing its strong market position in the food industry.
See More
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- Smooth Transition Focus: The CEO emphasized that productive discussions with buyers have commenced to ensure a seamless operational transition for team members, customers, and vendors, while maintaining high-quality food delivery.
- Competitive Auction Outcome: The sale transactions were determined through a competitive court-supervised auction process, representing the highest offers for the company's assets, with expected closure in the first quarter of 2026.
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- Commitment to Service Continuity: The CEO emphasized the company's focus on maintaining service continuity for customers and partners during the transaction period, ensuring a smooth transition for team members and reinforcing the importance of customer relationships.
- Competitive Auction Process: The asset sales were determined through a competitive court-supervised auction process, reflecting market recognition of Del Monte's brand value and future potential, thereby strengthening the company's position in the food industry.
See More
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See More
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