B&G Foods Announces Strategic Partnership with DSC Logistics
May 29 2015 - 4:01PM
Business Wire
DSC Logistics to Provide Logistics Services for
B&G Foods’ Distribution Centers
B&G Foods, Inc. (NYSE:BGS) announced today that it has
entered into a five-year logistics services agreement with DSC
Logistics, a leading logistics and supply chain management company.
Pursuant to the agreement, DSC will provide all warehousing and
distribution management services at B&G Foods’ three primary
distribution centers after the distribution centers are
transitioned over the next three to nine months.
Robert C. Cantwell, President and Chief Executive Officer of
B&G Foods, stated, “We are excited to partner with DSC
Logistics. DSC’s capabilities and experience providing logistics
services in the food industry make them an excellent choice to help
us improve customer service and ensure that our warehousing and
distribution systems are well-equipped to support our acquisition
strategy and expected future growth. In addition, we expect to
begin realizing cost benefits from this arrangement during the
second half of 2016.”
“B&G Foods has awarded DSC Logistics the logistics
management of its distribution centers because of DSC’s track
record of excellent service, our collaborative approach and B&G
Foods’ confidence in our ability to execute,” remarked Ann Drake,
Chief Executive Officer of DSC Logistics. “We look forward to
working with B&G Foods, and are committed to helping
B&G Foods achieve its business goals and future growth
objectives.”
About DSC Logistics, Inc.
DSC Logistics is a leader in transforming logistics and supply
chain management into a critical business strategy based on
collaborative partnerships, innovative thinking, and
high-performance operations. DSC achieves the business goals of
Fortune 500 and other dynamic companies by designing, integrating,
managing and adapting customized supply chain solutions. As a Lead
Logistics Partner (LLP) and third-party logistics (3PL) provider,
DSC delivers value by reducing total system costs, optimizing
business processes, facilitating growth and change, and maximizing
the potential of the supply chain. In today’s environment, filled
with rapid and unpredictable change, DSC helps customers achieve
their goals by being ready for anything! For more information:
www.dsclogistics.com.
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and
distribute a diversified portfolio of high-quality, branded
shelf-stable foods across the United States, Canada and Puerto
Rico. Based in Parsippany, New Jersey, B&G Foods’ products
are marketed under many recognized brands, including Ac’cent,
B&G, B&M, Baker’s Joy, Bear Creek Country Kitchens, Brer
Rabbit, Canoleo, Cary’s, Cream of Rice,
Cream of Wheat, Devonsheer, Don Pepino, Emeril’s,
Grandma’s Molasses, JJ Flats, Joan of Arc,
Las Palmas, MacDonald’s, Maple Grove Farms, Molly McButter,
Mrs. Dash, New York Flatbreads, New York Style, Old
London, Original Tings, Ortega, Pirate’s Booty, Polaner, Red Devil,
Regina, Rickland Orchards, Sa-són, Sclafani, Smart Puffs, Spring
Tree, Sugar Twin, Trappey’s, TrueNorth, Underwood, Vermont Maid and
Wright’s. B&G Foods also sells and distributes Static Guard, a
household product brand.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute “forward-looking statements.”
The forward-looking statements contained in this press release
include without limitation statements related to B&G Foods’
expectations regarding the timing of the transition of logistics
services at the three distribution centers from B&G Foods to
DSC, cost benefits and the timing thereof, improved customer
service, and the ability of such warehousing and distribution
services to support B&G Foods’ acquisition strategy and
expected future growth. Such forward-looking statements involve
known and unknown risks, uncertainties and other unknown factors
that could cause the actual results of B&G Foods to be
materially different from the historical results or from any future
results expressed or implied by such forward-looking statements. In
addition to statements that explicitly describe such risks and
uncertainties readers are urged to consider statements labeled with
the terms “believes,” “belief,” “expects,” “projects,” “intends,”
“anticipates” or “plans” to be uncertain and forward-looking. The
forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in B&G Foods’ filings with the Securities and
Exchange Commission, including under Item 1A, “Risk Factors” in the
Company’s most recent Annual Report on Form 10-K and in its
subsequent reports, if any, on Forms 10-Q and 8-K. Investors are
cautioned not to place undue reliance on any such forward looking
statements, which speak only as of the date they are made.
B&G Foods undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150529006047/en/
ICR, Inc.Investor Relations:Don Duffy, 866-211-8151orMedia
Relations:Matt Lindberg, 203-682-8214
B and G Foods (NYSE:BGS)
Historical Stock Chart
From Mar 2024 to Apr 2024
B and G Foods (NYSE:BGS)
Historical Stock Chart
From Apr 2023 to Apr 2024