09:54 AM EDT, 05/27/2025 (MT Newswires) -- B&G Foods ( BGS ) said Tuesday it has sold its Don Pepino and Sclafani brands, along with a New Jersey manufacturing facility, to Violet Foods, a new portfolio company of Amphora Equity Partners.
Financial details weren't disclosed.
The company said it plans to use the net proceeds from the sale to repay long-term debt.
The brands include pizza and spaghetti sauces, crushed tomatoes, tomato puree and whole peeled tomatoes produced at the Williamstown plant, the company said.
Shares of B&G Foods ( BGS ) were up more than 2% in recent Tuesday trading.
Price: 4.12, Change: +0.10, Percent Change: +2.36