B&G Foods of Parsippany announced the acquisition of the frozen vegetable manufacturing operations of Growers Express, LLC yesterday, a company focused on the manufacturing, production, packaging, and sale of frozen vegetable products. It primarily produces Green Giant Riced Veggies and Green Giant Veggie Spirals.
“By increasing the variety and volume of Green Giant frozen vegetable products produced at internal manufacturing facilities, we expect to reduce inefficiencies, reduce costs and reduce supply chain risk for certain Green Giant frozen products. We also believe that this acquisition will enhance our innovation efforts for the Green Giant brand and improve our speed to market for new innovation. Growers Express has been an important partner of B&G Foods for a number of years and we thank them for their partnership,” stated Casey Keller, President and Chief Executive Officer of B&G Foods.
With the acquisition, B&G obtained a sublease for a portion of a manufacturing facility in Yuma, Arizona, and the lease for a warehouse facility in San Luis, Arizona. It also includes all inventory and equipment, as well as 155 employees. In the process, B&G chose to repurchase the master license agreement with Green Giant that allows access to certain fresh vegetable products. B&G states that the move will act to, “reduce supply chain risk and reduce costs for certain Green Giant frozen products”.