B&G Foods, Inc. 8-K

What Happened
B&G Foods, Inc. and its subsidiary B&G Foods North America, Inc. announced they signed an Asset Purchase Agreement on January 15, 2026 to acquire Del Monte’s College Inn and Kitchen Basics broth and stock business for $110 million in cash (subject to an inventory-based adjustment) and assumption of certain liabilities. The transaction is being completed through Del Monte’s Chapter 11 process and is expected to close in the first quarter of 2026, subject to bankruptcy-court approval and other customary closing conditions. B&G Foods is guarantying the subsidiary’s obligations under the agreement.

Key Details

• Purchase price: $110 million in cash, subject to adjustment based on inventory at closing.
• Timing and approvals: Expected close in Q1 2026, contingent on bankruptcy-court approval and simultaneous closings of two other Del Monte bankruptcy sales.
• Transition and liabilities: Del Monte (or other buyers of related units) will provide transition services for up to 180 days after closing; B&G will assume certain liabilities.
• Funding: B&G expects to use cash on hand, proceeds from divestitures and additional revolving loans under its existing credit facility to fund the deal. The agreement resulted from a competitive auction in the Chapter 11 process.

Why It Matters
This acquisition expands B&G Foods’ branded soup/broth offerings by adding the College Inn and Kitchen Basics lines, potentially increasing product breadth and shelf presence. Because the sale is through Del Monte’s Chapter 11 proceedings, closing depends on court approval and related bankruptcy conditions, so timing and final terms (including inventory adjustments and assumed liabilities) could change. Investors should note the $110M cash commitment (plus assumed liabilities) and that B&G Foods is guarantor of the subsidiary’s obligations and may use revolver capacity to fund the purchase.