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B&G Foods Inc: B&g Foods Sells B&m And Joan Of Arc Brands To Mccall Farms B&g Foods Inc Says Terms Of Transaction Were Not Disclosed B&g Foods - To Use Sale Proceeds To Repay Long-term Debt Source text:... Further company coverage: BGS.N
B&G Foods sold the B&M baked beans and brown bread brand to McCall Farms. McCall Farms also acquired the Joan of Arc canned beans brand, including kidney and chili beans. Net proceeds will be used to repay long-term debt as B&G Foods streamlines its portfolio and reduces leverage. Financial terms were not disclosed. Di