B&G Foods

BGS

B&G Foods is an American holding company for branded foods. It was founded in 1889 to sell pickles, relish and condiments. The B&G name is from the Bloch and Guggenheimer families, sellers of pickles in Manhattan. It is based in Parsippany, New Jersey and has about 2,500 employees. Kenneth G. Romanzi is the company's CEO and president. B&G has been publicly traded for more than a decade as of 2018 and has been acquiring orphaned brands as part of its growth strategy. Currently, B&G sells frozen and shelf-stable foods.B&G acquired several brands from Nabisco including Regina Wine Vinegar, Brer Rabbit Molasses, Wright’s Liquid Smoke, and Vermont Maid Pancake Syrup. The company also owns Trappey’s Fine Foods (maker of Trappey's Hot Sauce from Louisiana and pickled peppers). Other brands include maple syrup and maple candy company Maple Grove Farms of Vermont. From Pillsbury Company, B&G acquired B&M Baked Beans, Ac’cent Flavor Enhancer, Las Palmas Mexican Sauces, Joan of Arc canned ingredient beans, and Underwood meat spreads.

B&G Foods has been a target of short sellers for a while. The current short interest of 18.26% is slightly above the average of the last 12 months (15.81%).