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Green Giant owner B&G Foods has acquired the frozen vegetable manufacturing operations of Growers Express.
Based in California, Growers Express manufactures, packages and sells frozen vegetable products, primarily Green Giant Riced Veggies and Green Giant Veggie Spirals.
The acquisition includes Growers Express assets, including inventory, equipment, a sublease for a portion of a manufacturing facility in Yuma, Arizona, and a lease for a warehouse facility in San Luis, Arizona. B&G Foods has also repurchased the master license agreement for certain Green Giant fresh vegetable products.
Casey Keller, president and CEO of B&G Foods, said: “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”.
He continued: “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.”
Approximately 155 employees will transfer to B&G Foods. Financial terms of the transaction were not disclosed.
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