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B&G Foods agreed to sell its B&M baked beans and brown bread brand and Joan of Arc bean line to McCall Farms. Financial terms were not disclosed, and B&G said it plans to use the net proceeds to pay down debt as it continues reshaping its portfolio.
B&G Foods is selling its B&M baked beans and brown bread brand and Joan of Arc bean line to McCall Farms, the latest portfolio sale by the packaged-food company as it works to sharpen its business focus. The companies did not disclose financial terms, and B&G said it expects to use the net proceeds to pay down debt.
The sale transfers two longstanding bean brands to McCall Farms, a vegetable canning company that has bought other B&G assets. B&M is known for baked beans and brown bread, while Joan of Arc sells beans. The report did not give a completion date, provide details about how the brands will be operated after the deal, or specify which products and assets are included beyond the named brands.
B&G described the transaction as part of a plan to simplify its portfolio, concentrate on core brands and strengthen its balance sheet. CEO Robert Mills said the company remains focused on actions intended to support profitable growth and reduce leverage. Those statements describe B&G’s aims; the report did not quantify expected debt reduction or forecast the sale’s effect on earnings.
The latest transaction follows other divestitures. In 2025, B&G sold its Le Sueur premium sweet peas, green beans and carrots brand to McCall Farms, and sold two Don Pepino tomato product lines to a private equity firm. It also sold its U.S. canned vegetable business under Green Giant to Seneca Foods in 2023.
Debt Reduction Through Brand Sales
The sale is another step in B&G’s effort to reduce debt and narrow its portfolio, rather than a disclosed expansion or product launch. For investors, customers and suppliers, the distinction matters: the company has said the cash proceeds will go toward debt repayment, but it has not disclosed the price or the amount of debt the transaction could retire.
The deal also continues a pattern of B&G transferring food brands and businesses to other operators. McCall Farms’ prior purchase of Le Sueur gives it an existing relationship with B&G, though the report does not say whether that history shaped the terms or scope of this agreement. The transaction’s financial and operational effects will depend on details that have not yet been made public.
B&G’s portfolio moves come as the company faces sales pressure. Its second-quarter sales were $383.3 million, nearly 10% lower than in the same period of 2025, according to the source report. It said consumers had pulled back on spending and that the company faced competition from larger, better-funded rivals. The figures show the scale of the reported decline but do not establish that the brand sale will reverse it.
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B&G’s Recent Portfolio Reshaping
B&G was previously known as an active acquirer, but it has been selling assets it considers outside its focus. The Green Giant U.S. canned vegetable business went to Seneca Foods in 2023. In 2025, B&G sold Le Sueur to McCall Farms and two Don Pepino tomato lines to a private equity firm.
The company’s plans for Green Giant Canada encountered a separate obstacle. Earlier in the week covered by the report, B&G terminated a proposed sale of that business after regulators raised concerns that the divestiture might violate antitrust laws. B&G said it would continue exploring options, including a sale or partnership. That regulatory development is distinct from the B&M and Joan of Arc transaction; the report did not indicate that regulators had raised similar concerns about the bean-brand sale.
““The sale of the B&M and Joan of Arc brands is another step in our efforts to simplify our portfolio, focus on our core brands and strengthen our balance sheet.””
— Robert Mills, B&G Foods CEO
Price, Timing and Brand Operations
Financial terms were not disclosed, so the sale price and its likely contribution to debt repayment are unknown. The report also did not specify when the transaction is expected to close, whether it requires regulatory approval, or whether it includes manufacturing facilities, employees, inventory or other assets alongside the brands.
It is also unclear how McCall Farms plans to manage or market B&M and Joan of Arc, and whether product availability or distribution will change. B&G’s stated intention to use net proceeds for debt reduction does not establish how much debt will be repaid or how the divestiture will affect the company’s future sales and profitability.
Closing Details and Debt Plans
The next developments to watch are any announcement of a closing date, further transaction terms or information about the brands’ operations under McCall Farms. B&G’s stated plan is to direct the net proceeds toward debt repayment, but the company has not provided an amount or a timeline in the source report.
B&G also said it would keep exploring options for Green Giant Canada after ending the proposed sale there. Future company updates may clarify that process and show how the brand sales fit alongside its operating results and debt-reduction efforts.
Key Questions
Which brands is B&G Foods selling?
B&G is selling B&M, which includes baked beans and brown bread, and the Joan of Arc bean line.
Who is buying the brands?
McCall Farms, a vegetable canning company, is buying the brands. It also purchased B&G’s Le Sueur brand in 2025.
How much is McCall Farms paying?
The companies did not disclose the financial terms, so the sale price is not known from the source report.
What does B&G Foods plan to do with the proceeds?
B&G said it plans to use the net proceeds to pay down debt. It did not state how much debt it expects to repay.
When will the sale be completed?
The source report did not provide a closing date or say whether the transaction has been completed.
Source: rss
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