B&G Foods Acquires TrueNorth Brand - Analyst Blog
May 13 2013 - 8:00AM
Zacks
Packaged food company, B&G Foods, Inc.
(BGS) recently acquired the TrueNorth brand from DeMet’s Candy
Company. With the growing importance of nutritious snacking,
TrueNorth is a healthy addition to B&G Foods’ snacks portfolio.
TrueNorth are bite sized nut clusters made of roasted nuts, with a
taste of sea salt and sweetness and thus offer a healthy option for
mid meal snacking. TrueNorth comes in three varieties namely Almond
Pecan Crunch, Chocolate Nut Crunch and Cashew Crunch.
B&G Foods’ snacks portfolio also includes New York Style, Old
London, JJ Flats and Devonsheer brands which were acquired in Oct
2013.
New York Style offers several baked products such as Mini Bagel
Crisps, Pita Chips, Original Bagel Crisps, and Panetini Italian
Toast. Old London, on the other hand, offers a huge variety of
Melba products, such as Melba Toasts and Melba Rounds. In addition,
Old London markets snacks under the names Devonsheer and JJ Flats.
B&G Foods focuses on small brands that have strong margins and
generate less than $100 million in sales. Most of the time, these
are smaller brands from large food companies, which have limited
competition. B&G Foods’ investments in these brands help to
generate huge free cash flow and ensure profitability in the long
run.
B&G Foods carries a Zacks Rank #2 (Buy).
Some other consumer staple stocks that are worth a look include
Flower Foods Inc. (FLO) carrying a Zacks
Rank #1 (Strong Buy) and H. J. Heinz Company (HNZ)
and J&J Snack Foods Corp. (JJSF) holding a
Zacks Rank #2 (Buy).
B&G FOODS CL-A (BGS): Free Stock Analysis Report
FLOWERS FOODS (FLO): Free Stock Analysis Report
HEINZ (HJ) CO (HNZ): Free Stock Analysis Report
J&J SNACK FOODS (JJSF): Free Stock Analysis Report
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