B&G Foods Sells B&M and Joan of Arc Bean Brands

B&G Foods has sold its B&M and Joan of Arc bean brands to McCall Farms, marking the packaged-food company's latest divestiture as it works to sharpen its portfolio and pay down debt.

The buyer, McCall Farms, adds two shelf-stable names to its own stable of canned vegetable and bean products. For B&G Foods, the sale trims another set of non-core labels from a portfolio the company spent years assembling through acquisition.

B&G built its business as a serial acquirer, snapping up legacy grocery brands across categories. That strategy has reversed course: the company is now a serial seller, divesting brands to concentrate resources on its core products and reduce its debt load.

What does this change for grocery marketers?

For retail buyers and brand managers, the deal means two familiar canned-bean labels get a new owner with existing manufacturing and distribution in the category. For B&G's remaining brand partners, it signals continued attention on the core portfolio — and a company managing its balance sheet one divestiture at a time.

The transaction follows B&G's stated priorities: focus on core brands, cut debt. The B&M and Joan of Arc sale fits that pattern exactly. It is small. It is deliberate. And it likely won't be the last.

B&G has not disclosed the terms of the deal in the announcement, so watch for details on price and closing timing in future filings.