B&G Foods Announces Plan to Relocate Mama Mary’s Manufacturing Operations
By Business Wire News
By Business Wire News
B&G Foods, Inc. (NYSE:BGS) announced today that it plans to relocate the manufacturing and warehouse operations of Mama Mary’s from a facility in Spartanburg, South Carolina, whose lease is expiring, to a facility B&G Foods owns in Yadkinville, North Carolina.
“Although this was a difficult decision, we believe that consolidating Mama Mary’s operations with the production facility we own in Yadkinville, North Carolina is in the best long-term interests of B&G Foods, our employees and our stockholders,” said Robert C. Cantwell, President and Chief Executive Officer of B&G Foods. “This decision is consistent with B&G Foods’ ongoing efforts to reduce excess production capacity, improve productivity and operating efficiencies and reduce overall costs. We are grateful for the dedication and support of each of our team members and we appreciate their contribution in building the Mama Mary’s brand.”
B&G Foods does not anticipate any disruption in production or the delivery of customer orders of any Mama Mary’s products. The Yadkinville, North Carolina facility currently has full baking operations, producing New York Style and Old London products, with capacity to seamlessly integrate the production of Mama Mary’s products.
The Mama Mary’s operations are scheduled to fully transition by approximately October 14, 2016. An employee assistance plan has been put in place to offer all eligible employees severance and support finding new employment.
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Based in Parsippany, New Jersey, B&G Foods’ products are marketed under many recognized brands, including Ac’cent, B&G, B&M, Baker’s Joy, Bear CreekCountry Kitchens, Brer Rabbit, Canoleo, Cary’s, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emeril’s, Grandma’s Molasses, Green Giant, JJ Flats, Joan of Arc, Las Palmas, Le Sueur, MacDonald’s, Mama Mary’s, Maple Grove Farms, Molly McButter, Mrs. Dash, New York Flatbreads, New York Style, Old London, Original Tings, Ortega, Pirate’s Booty, Polaner, Red Devil, Regina, Rickland Orchards, Sa-són, Sclafani, Smart Puffs, Spring Tree, Sugar Twin, Trappey’s, TrueNorth, Underwood, Vermont Maid and Wright’s. B&G Foods also sells and distributes Static Guard, a household product brand.
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” The forward-looking statements contained in this press release include without limitation statements related to our efforts to reduce excess production capacity, improve productivity and operating efficiencies and reduce overall costs.Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “projects,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods’ filings with the Securities and Exchange Commission, including under Item 1A, “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and in its subsequent reports, if any, on Forms 10-Q and 8-K.Investors are cautioned not to place undue reliance on any such forward looking statements, which speak only as of the date they are made.B&G Foods undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Dara Dierks, 866-211-8151
Matt Lindberg, 203-682-8214