Mama Mary's is a leading brand of shelf-stable pizza crust.
PARSIPPANY, N.J. – B&G Foods, Inc. has acquired Spartan Foods of America, Inc., the Fairforest, S.C.-based maker of Mama Mary’s shelf-stable pizza crusts, from Linsalata Capital Partners for approximately $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. “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.”
After fully integrating Mama Mary’s into B&G Foods, the company said it expects the new brand will generate annual net sales of approximately $35 million and adjusted EBITDA of approximately $7.5 million.
