B&g foods to acquire iconic crisco® brand

Parsippany, n.j.--(business wire)--b&g foods, inc. (nyse: bgs) announced today that it has entered into an agreement to acquire the iconic crisco brand of oils and shortening from the j.m. smucker co. for approximately $550 million in cash, subject to a post-closing inventory adjustment. as part of the acquisition, b&g foods is also acquiring a manufacturing facility and warehouse in cincinnati, ohio. b&g foods expects the acquisition to close during the fourth quarter of 2020, subj
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