Parsippany, New Jersey-based B&G Foods has acquired the Clabber Girl Corporation portfolio from Hulman & Company, which includes Clabber Girl, Rumford, Davis, Hearth Club and Royal brands. Clabber Girl is a leader in baking products, including baking powder, baking soda and corn starch.
Terre Haute, Indiana-based Clabber Girl distributes its products to retail, wholesale and industrial packaging and has expanded into food service, offering baking powder, baking soda, corn starch, cheesecake, pie fillings, puddings and gelatin.
“We are pleased to announce the addition of Clabber Girl to our portfolio of brands. This acquisition is consistent with our longstanding acquisition strategy of targeting well-established brands with defensible market positions and strong cash flow at reasonable purchase price multiples. Clabber Girl Corporation is the number one manufacturer of branded retail baking powder and also holds leadership positions in baking soda and corn starch,” explained Kenneth Romanzi, President and Chief Executive Officer of B&G Foods.
B&G anticipates that the acquired business will generate approximately $70 to $75 million in net sales annually.