B&G Foods sells Green Giant product line

B&G Foods “announced today that it has sold its Green Giant U.S. shelf-stable vegetable product line to Seneca Foods Corporation. In connection with the sale, B&G Foods, which will retain ownership of the Green Giant trademarks, will license the Green Giant brand name to Seneca Foods. The sale does not include Green Giant frozen, Green Giant Canada or the Le Sueur brand. B&G Foods intends to use the net proceeds from the sale for the repayment of long-term debt. The terms of the transaction were not disclosed.”