B&G Foods buys Del Monte Foods’ broth brands for $110M

Food Dive reported the development on 2026-01-20. The purchase of College Inn and Kitchen Basics gives the Crisco owner a bigger presence in home meals as consumers spend less at restaurants.

The report places the news in a wider commercial context. B&G Foods is buying Del Monte Foods’ broth and stock business, which includes the College Inn and Kitchen Basics brands, for approximately $110 million. B&G said it was the winner for the broth and stock business following a “competitive auction process” that was conducted in connection with Del Monte Foods’ bankruptcy.

For the food sector, the practical implications extend beyond the immediate announcement. The acquisition is expected to close in the first quarter following court approval and the sales of other assets by Del Monte unrelated to B&G. The purchase of the broth and stock offerings marks a departure for B&G, which has been selling off brands to sharpen its focus and reduce debt. The development adds to the competitive and financial pressures shaping food and.

Attention now turns to how companies, customers and regulators respond. During the past few years, the food conglomerate has sold two of its tomato brands, its Le Sueur vegetable and Green Giant canned businesses and its snacks line Back to Nature. The company also has been looking to sell its Green Giant frozen business.