B&G Foods Inc. (NYSE: BGS) is buying Specialty Brands of America Inc. for $155 million.

Specialty brands is a packaged foods company that owns the Bear Creek Country Kitchens, Spring Tree, Cary's, MacDonald's, New York Flatbreads and Canelo brands. The group was sold by American Capital Ltd. (Nasdaq: ACAS), a private equity firm that has about $19 billion in assets.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.