date:Sep 11, 2013
It has been nearly a year since BG Foods, Inc. made its first snack acquisition, purchasing the New York Style and Old London brands from Chipita America, Inc. for about $62.5 million. With two more acquisitions in the fold since May, the company now expects snacks to contribute about 19% to sales, a significant spike for a company that as recently as 2011 was known primarily for its Ortega brand of Mexican taco shells and Cream of Wheat hot cereals.
In acquiring the New York Style and Old Lond