date:Nov 02, 2012
US-based BG Foods has completed the acquisition of New York Style and Old London snack brands from Chipita America for approximately $62.5m in cash.
The acquisition includes a manufacturing facility at Yadkinville, North Carolina, which employs about 250 people.
BG Foods expects the acquisition to be immediately accretive to earnings per share and free cash flow. It expects the brands to generate EBITDA of approximately $8m to $9m and net sales of approximately $45m to $50m in 2013.
The New Y