Agreement to Acquire The College Inn and Kitchen Basics Brands. On January 15, 2026, we entered into an agreement to acquire the broth and stock business of Del Monte Foods Corporation II Inc. and its affiliates, including the College Inn and Kitchen Basics brands, for approximately $110.0 million in cash, subject to an inventory adjustment at closing, and assumption of certain liabilities. Subject to customary closing conditions and the simultaneous closing of two other pending sales by Del Monte Foods unrelated to B&G Foods or the broth and stock business, we expect the pending acquisition to close during the first quarter of 2026. The purchased assets will primarily include intellectual property, business and customer information, third-party co-packing agreements and inventory. We intend to finance the pending College Inn and Kitchen Basics acquisition with proceeds from divestitures, cash on hand and revolving loans under our existing credit facility. We refer to this pending acquisition as the “College Inn and Kitchen Basics acquisition.”

The Green Giant U.S. Frozen Divestiture. On March 2, 2026, we completed the sale of our Green Giant U.S. frozen business to Seneca Foods Corporation for a purchase price of approximately $63.2 million, subject to a post-closing adjustment based upon inventory at closing. The divested assets primarily include intellectual property, business and customer information and inventory. The sale included our frozen vegetable manufacturing operations in Yuma, Arizona. We also entered into a three-year co-packing agreement with Seneca Foods Corporation pursuant to which we will continue to produce certain Green Giant frozen vegetable products at our frozen vegetable manufacturing facility in Irapuato, Mexico, which was not included as part of the divestiture. In connection with the divestiture, we expect to recognize additional non-cash losses and impairments during the first quarter of 2026 ranging from $40.0 million to $50.0 million. We refer to this divestiture as the “Green Giant U.S. frozen divestiture.”

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