This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Dive Brief: B&G Foods is buying Del Monte Foods’ broth and stock business, which includes the College Inn and Kitchen Basics brands, for approximately $110 million. B&G said it was the winner for the broth and stock business following a “competitive auction process” that was conducted in connection with Del Monte Foods’ bankruptcy. The acquisition is expected to close ...

B&G Foods has agreed to purchase the broth and stock brands of Del Monte Foods for around $110m in cash. The transaction is part of a wider, court‑overseen sales process following Del Monte Foods’ bankruptcy filing in July last year and involves two other buyers - Fresh Del Monte Produce and Pacific Coast Producers. New Jersey-headquartered B&G Foods, which owns the Crisco and Ortega brands, said it had emerged as the winning bidder for the broth and stocks business in a competitive auction process. It ...

PARSIPPANY, N.J.--(BUSINESS WIRE)--B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to acquire the broth and stock business of Del Monte Foods Corporation II Inc. and its affiliates, including the College Inn and Kitchen Basics brands, for approximately $110 million in cash, subject to an inventory adjustment at closing, and assumption of certain liabilities. B&G Foods was the winning bidder for the broth and stock business following a competitive auctio. ...