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B&G Foods agreed to sell its B&M baked beans and brown bread brand and Joan of Arc bean line to McCall Farms. The companies did not disclose financial terms; B&G said it plans to use net proceeds to pay down debt as it continues reshaping its portfolio.
B&G Foods is selling its B&M baked beans and brown bread brand and Joan of Arc bean line to McCall Farms, its latest move to streamline its portfolio and reduce debt. Financial terms were not disclosed, and B&G said it plans to use the net proceeds to pay down borrowings.
The sale transfers two established bean businesses: B&M, known for baked beans and brown bread, and Joan of Arc, a bean brand. The buyer, McCall Farms, is a vegetable canning company that has previously acquired a B&G brand. The source report did not state when the transaction is expected to close or provide details about its terms.
B&G Chief Executive Robert Mills described the deal as part of a broader portfolio strategy. He said the company is working to simplify its business, concentrate on core brands and strengthen its balance sheet. B&G said the proceeds, after transaction costs and other adjustments, are intended for debt repayment.
The transaction follows several disposals in recent years. B&G sold its Le Sueur vegetable brand to McCall Farms in 2025 and sold two Don Pepino tomato product lines to a private equity firm that year. It also sold its U.S. canned vegetable business under Green Giant to Seneca Foods in 2023. The source report did not identify a sale price or describe any changes to production, distribution or employees associated with the B&M and Joan of Arc deal.
Debt Reduction Drives Portfolio Sales
The sale reflects B&G Foods’ effort to use brand disposals to address its debt load while narrowing the range of businesses it operates. Applying proceeds to debt could reduce borrowing, but the effect cannot be assessed without the sale price, the company’s total debt figures and details about any costs tied to the transaction.
The deal also gives McCall Farms another B&G-owned brand after its purchase of Le Sueur. For consumers and retailers, the change in ownership may affect who manages the brands, but the available report does not say whether products, manufacturing arrangements or store availability will change. Those operational details remain separate from B&G’s stated financial rationale.
The sale comes as B&G faces a challenging sales environment. Its second-quarter sales were $383.3 million, nearly 10% lower than in the same period of 2025, according to the source report. That decline was reported alongside consumer spending pullbacks and competition from larger companies; the figures do not establish that the brand sale itself will reverse the trend.
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A Series of B&G Divestitures
B&G was previously known as an active acquirer, but its recent strategy has included selling businesses it considers outside its core focus. The company’s past transactions include the 2023 sale of Green Giant’s U.S. canned vegetable business to Seneca Foods and the 2025 sales of Le Sueur and two Don Pepino product lines.
Its plans for Green Giant in Canada remain unsettled. Earlier in the week covered by the source report, B&G ended a proposed sale of that business after regulators raised concerns that the transaction could violate antitrust laws. B&G said it would continue exploring options, including a sale or partnership. That separate regulatory issue is not part of the announced B&M and Joan of Arc sale, and the source material does not indicate that regulators have raised similar concerns about this transaction.
““The sale of the B&M and Joan of Arc brands is another step in our efforts to simplify our portfolio, focus on our core brands and strengthen our balance sheet.””
— Robert Mills, B&G Foods CEO
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Price, Closing and Brand Operations
The purchase price and expected closing date have not been disclosed in the source report. It is also unclear whether the sale requires regulatory approval, what assets or production arrangements are included, and whether staffing, packaging, distribution or product availability will change under McCall Farms’ ownership.
B&G has said it plans to use net proceeds to repay debt, but the amount available after costs is unknown. The report also does not quantify how much debt the company expects to reduce or whether the sale will materially affect future revenue and earnings. Any such effect would depend on the brands’ contribution to B&G’s results and the terms of the completed transaction.
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Closing and Further Portfolio Moves
The next reported milestone would be the transaction’s closing, but no completion date or conditions were provided. Once the deal closes, B&G’s stated plan is to direct net proceeds toward debt repayment. The source report did not say when the companies might provide further information on the transfer or its operational arrangements.
Investors and customers will also be watching B&G’s next updates on sales, borrowing and its wider portfolio review. The company said it would continue looking at options for Green Giant Canada, including a possible sale or partnership, after ending its earlier proposed sale. No further decision on that Canadian business was confirmed in the source material.
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Key Questions
Which brands is B&G Foods selling?
B&G is selling B&M, its baked beans and brown bread brand, and the Joan of Arc bean line.
Who is buying the brands?
The buyer is McCall Farms, a vegetable canning company that bought B&G’s Le Sueur brand in 2025.
How much is McCall Farms paying?
The financial terms were not disclosed in the source report.
What does B&G plan to do with the proceeds?
B&G said it plans to use the net proceeds to pay down debt. The amount available and the expected reduction in borrowings have not been specified.
Will the products or their availability change?
The source report did not say whether production, packaging, distribution or store availability will change. Those details remain unclear pending further information from the companies.
Source: rss
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