B&G Foods, Inc. and Nortera Foods Inc. have officially announced the termination of their previously announced asset purchase agreement, which would have sold Green Giant Canada to Nortera Foods.
The agreement, originally entered into on Oct. 24, 2025, was terminated on Oct. 5, 2026, after required regulatory approvals under Canada’s Competition Act were not secured by the Sept. 24, 2026, outside date. Under the terms of the contract, either party held the right to terminate the deal if closing conditions were unmet by that deadline.
B&G Foods to retain ownership and evaluate strategic options
With the agreement dissolved, B&G Foods will continue to own and operate Green Giant Canada. Company leadership emphasized their ongoing commitment to the brand, which stands as the number one name in both frozen and shelf-stable vegetables across Canada.
“Although we are disappointed that the transaction was not completed before the outside date, we remain highly confident in Green Giant Canada’s future,” Robert Mills, president and chief executive officer of B&G Foods said. He added that the company will continue evaluating strategic and operational alternatives—including potential sale transactions or strategic partnerships—to maximize value for shareholders.
Nortera Foods will maintain its role as the primary co-manufacturer for Green Giant Canada. Erwan Hédiard, interim CEO and CFO of Nortera, noted that while the transaction will not move forward, Nortera remains fully committed to Canadian vegetable production, processing, and its longstanding partnership with B&G Foods.
