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B&G Foods agreed to sell its B&M baked beans and brown bread brand and Joan of Arc bean line to McCall Farms. Financial terms were not disclosed, and B&G said it plans to use net proceeds to pay down debt as it continues to narrow its portfolio.
B&G Foods is selling B&M, its baked beans and brown bread brand, and its Joan of Arc bean line to McCall Farms, the latest divestiture in a broader effort to narrow the food maker’s portfolio and reduce debt. The companies did not disclose financial terms, and B&G said it plans to use the net proceeds to pay down debt.
The sale transfers two bean brands from B&G to McCall Farms, a vegetable canning company that has bought assets from B&G before. The deal’s price, closing date and other financial terms were not disclosed in the report. Details on how the brands’ products will be manufactured or distributed after the sale were also not provided.
B&G Chief Executive Robert Mills described the transaction as part of the company’s effort to simplify its business. He said B&G remains focused on actions intended to support profitable growth and reduce leverage. Those are the company’s stated aims; the report did not include a projected financial impact from the transaction.
The sale follows other portfolio changes. B&G sold its Le Sueur brand of premium sweet peas, green beans and carrots to McCall Farms in 2025, according to Food Dive. It also sold two Don Pepino tomato product lines to a private equity firm in 2025. In 2023, it divested its Green Giant U.S. canned vegetable business to Seneca Foods.
A Smaller Portfolio, Lower Debt
The divestiture matters because it is another step in B&G’s shift away from a portfolio built through acquisitions and toward fewer brands the company considers core. Selling assets can raise cash for debt repayment, which B&G says is the intended use of the proceeds. The amount available for repayment is not known because the sale price was not disclosed.
The move comes as B&G faces pressure on sales. Food Dive reported that the company’s sales fell amid weaker consumer spending and competition from larger, better-funded rivals. In the second quarter, B&G recorded $383.3 million in sales, nearly 10% below the same period in 2025. That result gives context to the company’s focus on reducing leverage and concentrating its business, but it does not establish that the bean-brand sale will reverse the sales decline.
For shoppers, the ownership change does not by itself confirm any immediate change to product availability, recipes or packaging. Those details were not included in the report. For the companies, the transaction gives McCall Farms another group of established food brands while B&G continues to sell assets and direct proceeds toward its balance sheet.
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B&G’s Recent Brand Sales
B&G’s current plan marks a change from its earlier strategy as a serial acquirer. The company has been selling businesses it describes as noncore, seeking to sharpen its focus and reduce debt. The B&M and Joan of Arc transaction extends that process and deepens its relationship with McCall Farms, which acquired Le Sueur from B&G in 2025.
The company’s Green Giant operations show that not every planned divestiture has proceeded. B&G sold the U.S. canned vegetable business to Seneca Foods in 2023. Earlier this week, it terminated a sale of Green Giant in Canada after regulators raised concerns that the proposed divestiture could violate antitrust laws. B&G said it would continue exploring options for the Canadian business, including a sale or partnership. That regulatory development is separate from the bean-brand sale.
“The sale of the B&M and Joan of Arc brands is another step in our efforts to simplify our portfolio, focus on our core brands and strengthen our balance sheet.”
— Robert Mills, B&G Foods chief executive
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Price and Closing Details Still Unknown
Financial terms were not disclosed, so the sale’s value and the amount B&G may apply to debt cannot be calculated from the available information. The report also did not give a closing date or say whether the transaction remains subject to conditions.
It is not yet clear whether the brands’ production sites, employees, recipes, packaging or distribution arrangements will change under McCall Farms. No immediate changes to products or retail availability were described. The report also provides no forecast for how much the divestiture may affect B&G’s future revenue, profit or debt levels.
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Debt Repayment and Brand Handover
The next known financial step is B&G’s stated plan to use the net proceeds to pay down debt. The company has not disclosed the amount or provided a timetable for that repayment. Further transaction details, including a closing date and operational arrangements, would clarify when McCall Farms takes control and what customers or suppliers can expect.
B&G has also said it will continue looking at options for Green Giant Canada after ending the proposed sale there. The company’s future decisions on that business remain separate from the B&M and Joan of Arc transaction. Investors and customers will be watching for updates on both the debt reduction plan and any changes to the brands being transferred.
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Key Questions
Which brands is B&G Foods selling?
B&G is selling B&M, known for baked beans and brown bread, and its Joan of Arc bean line to McCall Farms.
How much is McCall Farms paying?
The companies did not disclose the financial terms, so the sale price is not known from the report.
What will B&G do with the proceeds?
B&G said it plans to use the net proceeds to pay down debt. It did not specify the amount or timing.
Has McCall Farms bought other B&G brands?
Yes. Food Dive reported that McCall Farms bought B&G’s Le Sueur brand in 2025, covering premium sweet peas, green beans and carrots.
Will the products change after the sale?
The report did not say whether product formulas, packaging, production or availability will change. Those details remain unconfirmed.
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