B&G wraps up $550M deal for Crisco brand

B&G Foods has completed its $550 million acquisition of the Crisco brand of oils and shortening from the J.M. Smucker Co., it announced this week.

Parsippany-based B&G first announced the deal in October.

B&G said it funded the acquisition and related expenses with cash on hand and revolving loans under its existing credit facility.

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