date:Oct 09, 2013
BG Foods, a US-based manufacturer, seller and distributor of branded shelf-stable foods, has acquired Rickland Orchards from Natural Instincts for about $57.5m, subject to post-closing adjustments.
The deal consideration comprised about $37.4m in cash and nearly $20m in shares of common stock of BG Foods. Natural Instincts will also be entitled to earn-out payments if certain performance goals are achieved.
The acquisition of Rickland Orchards is the fourth acquisition by BG Foods since Octobe