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B&G Foods Sells B&M and Joan of Arc Brands, Plans Debt Repayment

B&G Foods sold the B&M and Joan of Arc brands to McCall Farms. Terms were not disclosed; the company intends to use net proceeds to repay long-term debt.

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B&G Foods has sold its B&M and Joan of Arc brands to McCall Farms. The terms were not disclosed, and B&G plans to use the net proceeds to repay long-term debt.