B&G Foods to use additional loans to fund Back to Nature acquisition

By Sarah Lizee

Olympia, Wash., Aug. 21 – B&G Foods, Inc. announced that it plans to use additional revolving loans under its existing credit facility to fund the acquisition of Back to Nature Co., LLC, according to a press release.

B&G will acquire Back to Nature for about $162.5 million in cash.

Closing is planned for the third quarter.

B&G is a Parsippany, N.J.-based manufacturer and distributor of shelf-stable foods. Back to Nature is a Naples, Fla.-based supplier of natural and organic food products.

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