Parsippany-based consumer packaged goods giant B&G Foods is offloading two more brands amid an ongoing push to streamline its business.
In an Oct. 13 press release, B&G said South Carolina-headquartered McCall Farms Inc. purchased its B&M brand of baked beans and brown bread. The family-owned food processing and manufacturing company also picked up the Joan of Arc line of kidney, chili and other canned beans, the announcement said.
Financial terms of the deal were not disclosed. B&G said it intends to use the net proceeds to repay long-term debt.
Robert Mills, B&G president and CEO, said the sale represents “another step in our efforts to simplify our portfolio, focus on our core brands and strengthen our balance sheet.”
“We remain focused on taking actions that support profitable growth and reduce leverage.
— Robert Mills, president and CEO, B&G Foods
“We remain focused on taking actions that support profitable growth and reduce leverage. We believe McCall Farms is the right owner for these brands going forward,” he said.
A leading producer of farm-fresh canned vegetables and fruit, McCall Farms produces a variety of Southern-style products. The 100-year-old company’s brands include Glory Foods, Margaret Holmes, Peanut Patch Boiled Peanuts, Allens, Bruce’s Yams, Popeye, Princella, Trappey’s and Veg-All.
B&G previously sold its Le Sueur brand of premium sweet peas, green beans and carrots to McCall Farms in 2025.
How slimming
Once a serial acquirer, B&G has spent the past four years trimming its portfolio to shed noncore assets, improve focus and reduce debt.
B&G’s lineup of more than 50 brands includes supermarket staples Cream of Wheat, Crisco, Dash, Ortega, Maple Grove Farms, McCann’s Irish Oatmeal and Polaner. As of 2025, the company had net sales of $1.83 billion.
Divestitures since 2022 have included Back to Nature plant-based snacks, Don Pepino pizza sauce and Green Giant shelf-stable and frozen vegetables U.S. lines.
The latest deal with McCall Farms comes about a week after B&G terminated the sale of its Green Giant business in Canada after regulators expressed concern the move could violate antitrust laws. The sellers said it will continue exploring options for the brand in Canada, including a partnership.
Food Dive noted B&G’s sales have been falling in recent quarters amid a consumer pullback in spending. B&G also faces competition from larger, more deep-pocketed CPG players, the trade publication noted.
For the first two quarters of 2026, sales were down 6.8% to $792.2 million, B&G recently reported. Those periods included the $110 million acquisition of bankrupt canned food maker Del Monte Foods’ broth and stock business, as well as the divestiture of the Green Giant U.S. frozen line.
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