Canada regulator seeks to block B&G Foods’ Green Giant sale

Canada's Competition Bureau has requested the Competition Tribunal to halt B&G Foods' planned acquisition of Green Giant and Le Sieur's frozen and shelf-stable business in Canada by Nortera, the company announced on Wednesday. B&G Foods maintains that it opposes the regulator's decision and asserts that the deal aligns with the best interests of stakeholders, including Canadian consumers, according to a press release.

The Parsippany, New Jersey-based firm expressed its intention to continue discussions with Nortera and explore various alternatives, such as legal, regulatory, and operational options, in a statement. B&G Foods emphasized its commitment to pursuing courses of action that comply with existing laws and regulations. The company, which manufactures and distributes branded shelf-stable and frozen food products across the United States, Canada, and Puerto Rico, promised to issue updates as more information becomes available.