B&G Foods Holdings Corp. (NYSE: BGS) has agreed to purchase the seasonings business line of ACH Food Co. Inc., a maker of spices and cooking oils, for approximately $365 million in cash. The transaction is expected to close by Q4 2016.
ACH, headquartered in Oakbrook, Illinois, sells seasonings and sauces to retail and food service customers. Among ACH’s seasonings products are: Weber brand sauces, Spice Islands extracts, and Durkee’s and Tone’s seasonings. As a part of the deal, B&G will acquire ACH’s manufacturing facility in Ankeny, Iowa.