B&G Foods is selling its baked beans and brown bread brand B&M and Joan of Arc bean line to McCall Farms, the food maker's latest divestiture as it aims to sharpen its business focus.
Financial terms of the sale were not disclosed. B&G said it plans to use the net proceeds to pay down its debt.
“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’s CEO, said in a statement. “We remain focused on taking actions that support profitable growth and reduce leverage.”
B&G is no stranger to McCall Farms. The company sold its Le Sueur brand of premium sweet peas, green beans and carrots to the vegetable canning company in 2025.
Once a serial acquirer, B&G has been actively pruning its portfolio to shed noncore assets, improve its focus and reduce its debt.
The company previously sold two of its Don Pepino tomato lines to a private equity firm in 2025 and divested its Green Giant U.S. canned vegetable business to Seneca Foods in 2023.
Earlier this week, the New Jersey company terminated the sale of its Green Giant business in Canada after regulators expressed concern that the divestiture may violate antitrust laws. B&G said it will continue exploring options for Green Giant Canada, including a sale or partnership.
In recent quarters, B&G’s sales fell as consumers pulled back on spending and the food manufacturer competed against larger, more deep-pocketed competitors. During its second quarter, B&G sales totaled $383.3 million, down nearly 10% from the same period in 2025.
