Summary
- B&G Foods has announced the acquisition of Clabber Girl for an undisclosed sum.
- Clabber Girl produces a number of market leading baking products.
- With the acquisition, BGS is adding a market leading firm to its baking segment.
- Looking for a community to discuss ideas with? IPO Edge features a chat room of like-minded investors sharing investing ideas and strategies. Start your free trial today »
Quick Take
B&G Foods (BGS) announced it has acquired Clabber Girl Corporation for an undisclosed amount.
Clabber Girl manufactures and markets various baking ingredients.
With the deal for Clabber Girl, BGS adds a missing element to its baking goods division as management says it paid a reasonable purchase price multiple for a market leading firm.
Target Company
Terre Haute, Indiana-based Clabber Girl was founded in 1850 to manufacture baking ingredients, including baking powder, cornstarch, and baking soda.
Management is headed by President and COO Gary Morris, who has been with the firm since 2000.
The company’s primary offerings include the branded Clabber Girl, Fleischmann’s, Davis, Rumford, Hearth Club, and KC baking powders and the Royal brand of gelatins, mousses, puddings, pie fillings, cheesecake, and flan.
Additionally, the firm offers production services for private-label baking ingredients.
