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B&G Foods acquires Clabber Girl Corporation

New Jersey based B&G Foods, Inc., a manufacturer and seller of branded shelf-stable and frozen foods, has announced the acquisition of Clabber Girl Corporation. Financial terms of the transaction were not announced. Clabber Girl is a seller of baking products, including baking powder, baking soda and corn starch. The seller is Hulman & Company. B&G Foods funded the acquisition and related fees and expenses with cash on hand and revolving loans under its existing credit facility.

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M&A,mergers and acquisitions