B&G Foods uses revolver borrowings to acquire Victoria Fine Foods

By Marisa Wong

Morgantown, W.Va., Dec. 2 – B&G Foods, Inc. used additional revolving loans under its existing credit facility to help fund its acquisition of Victoria Fine Foods Holding Co. and Victoria Fine Foods, LLC from Huron Capital Partners, according to a press release.

B&G acquired Victoria Fine Foods for about $70 million in cash.

In addition to revolver borrowings, the company also used cash on hand to finance the transaction.

B&G Foods is a Parsippany, N.J.-based manufacturer, seller and distributor of shelf-stable and frozen foods.

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