Le Sueur

Seneca Foods Announces Purchase of Assets Related to the Green Giant U.S. Shelf-Stable Business

Retrieved on: 
Wednesday, November 8, 2023
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FAIRPORT, N.Y., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) announced today that it has purchased assets related to the Green Giant U.S. shelf-stable business from B&G Foods.

Key Points: 
  • FAIRPORT, N.Y., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) announced today that it has purchased assets related to the Green Giant U.S. shelf-stable business from B&G Foods.
  • In connection with the sale, the Company has entered into a license agreement for use of the Green Giant brand name for Green Giant shelf-stable products.
  • The sale does not include Green Giant frozen, Green Giant Canada or the Le Sueur brand which will remain with B&G Foods.
  • “We are excited to add the iconic Green Giant brand and shelf-stable products to our portfolio of canned vegetable offerings,” said Paul Palmby, President and Chief Executive Officer of Seneca Foods Corporation.

B&G Foods Reports Financial Results for Third Quarter 2023

Retrieved on: 
Wednesday, November 8, 2023
Retail, Supermarket, Food, Beverage, Giant, Cream, Cream of Wheat, Sale, Le Sueur, Seneca Foods, Back to Nature, ATM, Green Giant, Farm, EBITDA, Equity, Seager Wheeler's Maple Grove Farm, GAAP, Acquisition, Senior, Transport, Ortega, Webcast, Clabber Girl, B&G Foods, Crisco, Forecasting, Debt-to-GDP ratio, Beauty salon, Financial services, Security (finance), Grocery store, Pharmaceutical industry, Bookkeeping, Cryptocurrency, Video game

Net sales of Back to Nature, which the Company divested on January 3, 2023, and therefore not part of the Company’s fiscal 2023 results, were $10.2 million during the third quarter of 20222.

Key Points: 
  • Net sales of Back to Nature, which the Company divested on January 3, 2023, and therefore not part of the Company’s fiscal 2023 results, were $10.2 million during the third quarter of 20222.
  • Base business net sales for the third quarter of 2023 decreased $15.6 million, or 3.0%, to $502.7 million from $518.3 million for the third quarter of 2022.
  • For additional information regarding B&G Foods’ non-GAAP financial measures, see “About Non-GAAP Financial Measures and Items Affecting Comparability” below.
  • ET today, November 8, 2023 to discuss third quarter 2023 financial results.

B&G Foods Sells Green Giant U.S. Shelf-Stable Product Line to Seneca Foods Corporation

Retrieved on: 
Wednesday, November 8, 2023
Supermarket, Retail, Other Retail, Food, Beverage, Giant, BGS, Le Sueur, Green Giant, B&G Foods, Seneca Foods, Sale, NYSE, Grocery store

B&G Foods, Inc. (NYSE: BGS) announced today that it has sold its Green Giant U.S. shelf-stable vegetable product line to Seneca Foods Corporation.

Key Points: 
  • B&G Foods, Inc. (NYSE: BGS) announced today that it has sold its Green Giant U.S. shelf-stable vegetable product line to Seneca Foods Corporation.
  • In connection with the sale, B&G Foods, which will retain ownership of the Green Giant trademarks, will license the Green Giant brand name to Seneca Foods.
  • “We believe that Seneca Foods, the long-time, primary co-manufacturer for the Green Giant U.S. shelf-stable product line, is the right owner for the U.S. shelf-stable product line.
  • We continue to believe in the power of the iconic Green Giant brand and the sale will allow our Green Giant team to focus on Green Giant frozen, Green Giant Canada and the Le Sueur brand.”
    B&G Foods intends to use the net proceeds from the sale for the repayment of long-term debt.

B&G Foods Reports Financial Results for Second Quarter 2023

Retrieved on: 
Thursday, August 3, 2023
Retail, Supermarket, Food, Beverage, Cream, Giant, Seager Wheeler's Maple Grove Farm, B&G Foods, Cream of Wheat, GAAP, Ortega, Sale, Forecasting, Le Sueur, EBITDA, Crisco, Acquisition, Back to Nature, Webcast, Transport, Green Giant, Clabber Girl, Farm, Pharmaceutical industry, Bookkeeping, Video game, Bank, Security (finance)

Base business net sales for the second quarter of 2023 increased $0.4 million, or 0.1%, to $469.5 million from $469.1 million for the second quarter of 2022.

Key Points: 
  • Base business net sales for the second quarter of 2023 increased $0.4 million, or 0.1%, to $469.5 million from $469.1 million for the second quarter of 2022.
  • Base business net sales of all other brands in the aggregate increased $7.5 million, or 7.8%, for the second quarter of 2023, as compared to the second quarter of 2022.
  • Selling, general and administrative expenses increased $3.7 million, or 8.3%, to $47.9 million for the second quarter of 2023 from $44.2 million for the second quarter of 2022.
  • ET today, August 3, 2023 to discuss second quarter 2023 financial results.

B&G Foods Reports Financial Results for First Quarter 2023

Retrieved on: 
Thursday, May 4, 2023
Technology, Supermarket, Retail, Food, Beverage, Giant, Cream, Seager Wheeler's Maple Grove Farm, B&G Foods, Cream of Wheat, GAAP, Ortega, Sale, Forecasting, Le Sueur, EBITDA, Crisco, Acquisition, Back to Nature, Webcast, Transport, Green Giant, Clabber Girl, Farm, Dietary supplement, Bookkeeping, Pharmaceutical industry, Video game, Bank, Omicron

Net sales of Back to Nature, which the Company divested on January 3, 2023, and therefore not part of the Company’s fiscal 2023 results, were $14.4 million during the first quarter of 2022.

Key Points: 
  • Net sales of Back to Nature, which the Company divested on January 3, 2023, and therefore not part of the Company’s fiscal 2023 results, were $14.4 million during the first quarter of 2022.
  • Net sales from the Yuma acquisition, which was completed on May 5, 2022 and therefore not part of the Company’s first quarter of 2022 results, contributed $0.4 million to the Company’s net sales for the first quarter of 2023.
  • Base business net sales for the first quarter of 2023 decreased $6.4 million, or 1.2%, to $511.4 million from $517.8 million for the first quarter of 2022.
  • ET today, May 4, 2023 to discuss first quarter 2023 financial results.

B&G Foods Reports Financial Results for Fourth Quarter and Full Year 2022

Retrieved on: 
Tuesday, February 28, 2023
Retail, Supermarket, Food, Beverage, Cream, Giant, EBITDA, Clabber Girl, Seager Wheeler's Maple Grove Farm, Transport, Forecasting, Omicron, B&G Foods, GAAP, Acquisition, Spice, Webcast, Green Giant, ATM, Ortega, Human back, Cream of Wheat, Crisco, Sale, Borrowing base, Farm, Le Sueur, Elasticity, COVID-19, Pharmaceutical industry, Bookkeeping, Recycling, Video game, Cryptocurrency, Security (finance)

Base business net sales for the fourth quarter of 2022 increased $51.2 million, or 8.9%, to $622.8 million from $571.6 million for the fourth quarter of 2021.

Key Points: 
  • Base business net sales for the fourth quarter of 2022 increased $51.2 million, or 8.9%, to $622.8 million from $571.6 million for the fourth quarter of 2021.
  • Net sales of Green Giant (including Le Sueur) decreased $11.3 million, or 6.9%, for the fourth quarter of 2022, as compared to the fourth quarter of 2021.
  • Base business net sales of all other brands in the aggregate increased $15.4 million, or 12.1%, for the fourth quarter of 2022, as compared to the fourth quarter of 2021.
  • ET today, February 28, 2023 to discuss fourth quarter and full year 2022 financial results.

B&G Foods to Sell Back to Nature to Barilla America

Retrieved on: 
Thursday, December 15, 2022
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B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to sell the Back to Nature brand to Barilla America.

Key Points: 
  • B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to sell the Back to Nature brand to Barilla America.
  • The divestiture will also allow us to reduce long-term debt, while providing Barilla America with a great brand.
  • B&G Foods expects the sale to close in the first quarter of 2023, subject to the satisfaction of customary closing conditions.
  • Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico.

B&G Foods to Partner with America’s Grow-a-Row to Provide Over 1 Million Servings of Fresh Produce to Those in Need

Retrieved on: 
Thursday, November 17, 2022
Other Philanthropy, Other Retail, DEI (Diversity, Equity and Inclusion), Family, Supermarket, Social Services, Social Activism, Consumer, Food, Beverage, Environmental, Social and Governance (ESG), Organic Food, Retail, Fitness & Nutrition, Communications, Professional Services, Other Education, Philanthropy, Health, Fund Raising, Education, Foundation, Cream, Giant, Agriculture, Food, Le Sueur, Partnership, Hunger, NYSE, Love, Bear Creek, Cream of Wheat, DEI, Vegetable, Work, BGS, Food science, Green Giant, B&G Foods, B&M, Food security, Seager Wheeler's Maple Grove Farm, AGAR, Dash, Grocery store, Bottled water, Crisco

In 2023, B&G Foods will donate $250,000 to AGAR, which will result in the planting, growing, harvesting and distribution of 1.25 million servings of fresh produce to communities in need across the United States.

Key Points: 
  • In 2023, B&G Foods will donate $250,000 to AGAR, which will result in the planting, growing, harvesting and distribution of 1.25 million servings of fresh produce to communities in need across the United States.
  • By providing 1.25 million servings of produce to those who are in need, we are making it easier for families to eat healthy, nourishing foods.
  • Each year, we donate 2.5 million pounds of produce and corporate donors like B&G Foods help us give even more to those in need.
  • AGAR is celebrating 20 years of service to those in need in 2022 and has donated more than 17 million pounds, or 68 million servings, of fresh produce since its beginning.

Green Giant® Announces Thanksgiving Partnership with Tariq the "Corn Kid"

Retrieved on: 
Wednesday, November 16, 2022
Giant, Table, B&G Foods, Family, The Jolly Green Giant, B&M, New Yorkers, Sensation, Partnership, City, Senior, Le Sueur, Green, District, Green Giant, City Harvest, Macy, Mobile marketing, Maize, Love, Food science, Internet, Dash, Frozen vegetables, Thanksgiving, Flour, Feed manufacturing, Grocery store, Crisco, Cheese, New Yorker

PARSIPPANY, N.J., Nov. 16, 2022 /PRNewswire/ -- Green Giant®, the iconic brand synonymous with delicious and high-quality vegetables for families, announced today a partnership with 7-year-old corn enthusiast and internet sensation, Tariq the "Corn Kid." Together with Corn Kid, the Green Giant® brand will elevate corn from a simple side dish to the star of the Thanksgiving table this year.

Key Points: 
  • PARSIPPANY, N.J., Nov. 16, 2022 /PRNewswire/ -- Green Giant , the iconic brand synonymous with delicious and high-quality vegetables for families, announced today a partnership with 7-year-old corn enthusiast and internet sensation, Tariq the "Corn Kid."
  • Together with Corn Kid, the Green Giant brand will elevate corn from a simple side dish to the star of the Thanksgiving table this year.
  • The week-long partnership will see Corn Kid joining Green Giant at pivotal Thanksgiving moments: creating delicious corn-filled Green Giant side dishes, donating canned Green Giant veggies at the local food bank, and at the Macy's ThanksgivingDayParade.
  • Beginning today through November 21, consumers can enter to win an exclusive Thanksgiving apron from the Green Giantbrand by visiting greengiant.com/sweepstakes.

Heidrick & Struggles Adds New Consultant in the Americas

Retrieved on: 
Thursday, November 10, 2022
Heidrick & Struggles, Organization, CEO, General Electric, Leadership, Time, Johnson & Johnson, Acquisition, Le Sueur, Management

CHICAGO, Nov. 10, 2022 /PRNewswire/ -- Heidrick & Struggles (Nasdaq:HSII), a premier provider of global leadership advisory and on-demand talent solutions,added a consultant to its Heidrick Consulting business in the Americas during October 2022.

Key Points: 
  • CHICAGO, Nov. 10, 2022 /PRNewswire/ -- Heidrick & Struggles (Nasdaq:HSII), a premier provider of global leadership advisory and on-demand talent solutions,added a consultant to its Heidrick Consulting business in the Americas during October 2022.
  • Jason Henderson joined Heidrick & Struggles as a partner in the New York City office.
  • Heidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory and on-demand talent solutions, serving the senior-level talent and consulting needs of the world's top organizations.
  • Heidrick & Struggles pioneered the profession of executive search more than 65 years ago.