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

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.