DCF Advises on Consumer Products Carve-Out Transaction
Unilever United States, Inc. sells Culver Specialty Brands to B&G Foods, Inc.
Deloitte Corporate Finance LLC (DCF) is pleased to announce its role as the exclusive financial advisor to Unilever United States, Inc. (Unilever) in the sale of Culver Specialty Brands (CSB) to B&G Foods, Inc. (B&G) for $325 million.
CSB is led by its flagship Mrs. Dash, the pioneer of salt-free seasonings and a recognized brand in the seasonings blends segment. The remainder of the CSB portfolio is comprised of Molly McButter flavored sprinkles, Sugar Twin sugar substitutes, Baker’s Joy baking sprays, Static Guard anti-static sprays and Kleen Guard furniture polish.
DCF leveraged its deep consumer products industry knowledge and experience in carve-out deals to assist Unilever in completing this transaction.
About Unilever United States, Inc.
Unilever United States, Inc. is a subsidiary of Unilever Plc (LSE: ULVR), one of the world’s leading suppliers of fast moving consumer goods with strong operations in more than 100 countries and sales in 180. Consumers buy 170 billion Unilever packs around the world every year, and Unilever products are used over two billion times a day. Unilever’s portfolio includes some of the world’s best known and most loved brands, including twelve €1 billion brands, and global leadership in many categories in which they operate. Their portfolio features iconic brands such as: Knorr, Hellmann’s, Lipton, Dove, Vaseline, Persil, Cif, Marmite and Pot Noodle.
About B&G Foods, Inc.
B&G Foods (NYSE: BGS) and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, shelf-stable foods across the United States, Canada and Puerto Rico. B&G Foods’ products include hot cereals, fruit spreads, canned meats and beans, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, Mexican-style sauces, taco shells and kits, salsas, pickles, peppers and other specialty food products. B&G Foods competes in the retail grocery, food service, specialty, private label, club and mass merchandiser channels of distribution. Based in Parsippany, New Jersey, B&G Foods’ products are marketed under many recognized brands, including Ac’cent, B&G, B&M, Brer Rabbit, Cream of Rice, Cream of Wheat, Don Pepino, Emeril’s, Grandma’s Molasses, Joan of Arc, Las Palmas, Maple Grove Farms of Vermont, Ortega, Polaner, Red Devil, Regina, Sa-són, Sclafani, Trappey’s, Underwood, Vermont Maid and Wright’s.