StockNews.AI
BGS
StockNews.AI
18 days

B&G Foods Sells the Le Sueur Brand to McCall Farms

1. B&G Foods sold the Le Sueur brand to McCall Farms. 2. This sale aims to reduce debt and focus on core brands.

2m saved
Insight
Article

FAQ

Why Bullish?

B&G Foods' strategic moves to divest non-core assets historically enhance financial stability. Similar past divestitures have resulted in improved stock performance.

How important is it?

The portfolio reshaping indicates B&G Foods' commitment to operational efficiency, influencing investor confidence positively.

Why Long Term?

The focus on core brands and debt reduction is a strategic shift that can take time to reflect in stock value. Historically, long-term focus has yielded significant improvements for companies.

Related Companies

MCCLCAGCPB
PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has sold the Le Sueur brand of premium sweet peas, green beans and carrots to McCall Farms, Inc. “Our sale of the Le Sueur brand represents continued progress in our ongoing efforts to reshape our portfolio, sharpen focus on our core brands and reduce long-term debt,” said Casey Keller, President and Chief Executive Officer of B&G Foods. “The Le Sueur brand has performed very well for us over the year.

Related News