B&G Foods uses revolver to fund Clabber Girl acquisition

Chicago, May 15 – B&G Foods, Inc. announced that it used cash and revolving loans under its existing credit facility to fund the acquisition of Clabber Girl Corp., according to a press release.

B&G acquired Clabber Girl for $80 million in cash from Hulman & Co on May 15.

B&G is a Parsippany, N.J.-based manufacturer and distributor of shelf-stable foods. Clabber Girl is the number one manufacturer of retail baking powder and holds leadership positions in baking soda and corn starch.

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