B&G Foods and Nortera Terminate Agreement for Sale of Green Giant Canada

B&G Foods and Nortera Foods have mutually terminated their asset purchase agreement for the sale of the Green Giant and Le Sieur vegetable product lines in Canada. The termination on October 5, 2026, was triggered after the parties failed to obtain the required regulatory approval under Canada's Competition Act by the specified deadline.

Key Details

• Reason for Termination: The transaction did not receive regulatory approval by the Competition Act outside date of September 24, 2026.
• Termination Fee: Nortera Foods will pay B&G Foods US$1.6 million, which covers a termination fee and partial reimbursement of legal expenses.
• Outcome: B&G Foods will retain ownership and continue to operate Green Giant Canada, while Nortera will remain the primary co-manufacturer. B&G Foods will continue evaluating strategic alternatives for the business.