— Manufacturing will move to an existing B&G Foods facility in
Yadkinville, North Carolina —
PARSIPPANY, N.J.--(BUSINESS WIRE)--Jul. 6, 2016--
B&G Foods, Inc. (NYSE:BGS) announced today that it plans to relocate the
manufacturing and warehouse operations of Mama Mary’s from a
facility in Spartanburg, South Carolina, whose lease is expiring, to a
facility B&G Foods owns in Yadkinville, North Carolina.
“Although this was a difficult decision, we believe that consolidating Mama
Mary’s operations with the production facility we own in
Yadkinville, North Carolina is in the best long-term interests of
B&G Foods, our employees and our stockholders,” said Robert C. Cantwell,
President and Chief Executive Officer of B&G Foods. “This decision is
consistent with B&G Foods’ ongoing efforts to reduce excess production
capacity, improve productivity and operating efficiencies and reduce
overall costs. We are grateful for the dedication and support of each of
our team members and we appreciate their contribution in building the Mama
Mary’s brand.”
B&G Foods does not anticipate any disruption in production or the
delivery of customer orders of any Mama Mary’s products. The
Yadkinville, North Carolina facility currently has full baking
operations, producing New York Style and Old London
products, with capacity to seamlessly integrate the production of Mama
Mary’s products.
The Mama Mary’s operations are scheduled to fully transition by
approximately October 14, 2016. An employee assistance plan has been put
in place to offer all eligible employees severance and support finding
new employment.
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and distribute a
diversified portfolio of high-quality, branded shelf-stable and frozen
foods across the United States, Canada and Puerto Rico. Based in
Parsippany, New Jersey, B&G Foods’ products are marketed under many
recognized brands, including Ac’cent, B&G, B&M,
Baker’s Joy, Bear Creek Country Kitchens, Brer
Rabbit, Canoleo, Cary’s, Cream of Rice,
Cream of Wheat, Devonsheer, Don Pepino, Emeril’s,
Grandma’s Molasses, Green Giant, JJ Flats, Joan of Arc,
Las Palmas, Le Sueur, MacDonald’s, Mama Mary’s,
Maple Grove Farms, Molly McButter, Mrs. Dash, New York Flatbreads,
New York Style, Old London, Original Tings, Ortega,
Pirate’s Booty, Polaner, Red Devil, Regina,
Rickland Orchards, Sa-són, Sclafani, Smart Puffs,
Spring Tree, Sugar Twin, Trappey’s, TrueNorth,
Underwood, Vermont Maid and Wright’s. B&G Foods
also sells and distributes Static Guard, a household product
brand.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute “forward-looking statements.” The
forward-looking statements contained in this press release include
without limitation statements related to our efforts to reduce excess
production capacity, improve productivity and operating efficiencies and
reduce overall costs. Such forward-looking statements involve
known and unknown risks, uncertainties and other unknown factors that
could cause the actual results of B&G Foods to be materially different
from the historical results or from any future results expressed or
implied by such forward-looking statements. In addition to statements
that explicitly describe such risks and uncertainties readers are urged
to consider statements labeled with the terms “believes,” “belief,”
“expects,” “projects,” “intends,” “anticipates” or “plans” to be
uncertain and forward-looking. The forward-looking statements contained
herein are also subject generally to other risks and uncertainties that
are described from time to time in B&G Foods’ filings with the
Securities and Exchange Commission, including under Item 1A, “Risk
Factors” in the Company’s most recent Annual Report on Form 10-K and in
its subsequent reports, if any, on Forms 10-Q and 8-K. Investors
are cautioned not to place undue reliance on any such forward looking
statements, which speak only as of the date they are made. B&G
Foods undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160706005421/en/
Source: B&G Foods, Inc.
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