B&G Foods announced on Tuesday that it sold its Don Pepino and Sclafani brands of pizza and spaghetti sauces, crushed tomatoes, tomato purée, and whole peeled tomatoes to Violet Foods LLC, which is a newly formed portfolio company of Amphora Equity Partners LLC. The deal price was not disclosed.
The sale included the manufacturing facility in Williamstown in Gloucester County where the products are produced.
“The divestiture of the Don Pepino and Sclafani brands is consistent with our efforts to reshape our portfolio, focus on our core brands and reduce long-term debt,” Casey Keller, president and chief executive officer of B&G Foods said. “We believe that Amphora is the right owner to support the future growth of the Don Pepino and Sclafani brands.”
B&G Foods intends to use the net proceeds from the sale for the repayment of long-term debt.
