Italy's Barilla buys Back to Nature from B&G Foods

B&G Foods

16/12/2022 11:41

MILAN, Dec 16 (Reuters) - Italian pasta maker Barilla
said on Friday it had entered an agreement to acquire Back to
Nature food brand from B&G Foods  BGS.N  to grow in the U.S.
bakery market.  
    "The acquisition of Back to Nature is consistent
with Barilla's long-term strategy to build a strong multi-brand
bakery platform in the United States", the Italian group said in
a statement, without disclosing financial details.
    Back to Nature features a portfolio of plant-based, non-GMO
products that compete in the United States cookies, crackers,
granola and nuts & trail mix categories.
 (Reporting by Elisa Anzolin, editing Federico Maccioni)
 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))