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IPO Profile B&G; Foods Holdings
Four Gatehall Drive, Suite 110, Parsippany, New Jersey 07054
Tel: 973-401-6500
Web: www.bgfoods.com
Ticker: BGF
Stock Exchange: American Stock Exchange
Shares Issued: 17,390,000.00
Price Offered: $15.00
Amount Raised: $260,850,000.00
Underwriters:
RBC Capital Markets
CS First Boston
Merrill Lynch & Co.
Lehman Brothers
Piper Jaffray
Company Description:
We manufacture, sell and distribute a diverse portfolio of shelf-stable foods, many of which have leading retail market shares in our relevant markets. In general, we position our retail products to appeal to the consumer desiring a high quality and reasonably priced branded product. In our relevant retail markets, 11 of our branded products hold number one or two retail market share nationally or regionally or are unique products. We complement our retail product sales with a growing institutional and food service business. Over the past five years, we have achieved consistent growth in net sales and EBITDA through a combination of internal growth, including long-term licensing of a brand, plus the addition of eight brands through acquisitions, our most recent of which was the acquisition of the Ortega line of branded Mexican food products in August 2003.
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