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B&G Foods wraps up $420M sale of Pirate’s Booty business

By Rich Pizzutillo

B&G Foods' Pirate Brands includes Pirate's Booty snacks. - B&G Foods Inc.

Parsippany-based B&G Foods Inc. has completed the sale of its Pirate Brands business to Amplify Snack Brands Inc., a subsidiary of The Hershey Co., for $420 million, it announced Thursday.

The sale includes B&G’s Pirate’s Booty line of snacks.

B&G said it plans to use the proceeds from the sale to repay a $500.1 million loan.

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Rich Pizzutillo
rpizzutillo@marketsmithinc.com

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