Mergers & Acquisitions ·
B&G Foods terminates Green Giant Canada sale to Nortera for $1.6M termination fee
BGSB&G Foods, Inc.
B&G Foods mutually terminated its previously announced agreement to sell the Green Giant and Le Sieur frozen and shelf-stable vegetable product lines in Canada to Nortera Foods on October 5, 2026. The deal failed to close because required regulatory approval under Canada’s Competition Act was not obtained by the September 24, 2026 outside date. Under the agreement terms, Nortera will pay B&G Foods a $1.6 million termination fee and reimbursement for legal expenses. B&G will retain ownership of Green Giant Canada and continue evaluating strategic alternatives, including potential sales or partnerships. The company operates in the consumer staples industry, manufacturing, selling, and distributing branded shelf-stable and frozen foods.