B&G Foods, Inc. has announced that it has acquired Spartan Foods of America, Inc. dba Mama Mary’s and related entities from Linsalata Capital Partners and certain other sellers for $50 million.
“We are delighted to welcome Spartan Foods of America and the Mama Mary’s brand to the B&G Foods family,” said Robert C. Cantwell, President and Chief Executive Officer of B&G Foods. “Under the leadership of Linsalata Capital, the company has built a solid and profitable business.”
B&G Foods estimates that after being fully integrated into B&G Foods, the Mama Mary’s brand will generate on an annualized basis net sales of approximately $35 million and an adjusted EBITDA of approximately $7.5 million.
Cantwell continued, “The Mama Mary’s brand complements very well our existing portfolio of brands, including our Don Pepino pizza sauce. And, consistent with our acquisition strategy, we expect the acquisition to be immediately accretive to our earnings per share and free cash flow.”
According to a press release, Mama Mary’s is one of the top brands of shelf-stable pizza crust, by unit volume, in the retail channel.