B&G Foods makes and sells a large portfolio of branded, shelf-stable and frozen food products in the U.S., Canada, and Puerto Rico. Key brands include Crisco (cooking oils and shortening), Ortega and Las Palmas (Mexican food), Spice Islands, Weber, Tone's and Durkee (spices and seasonings), Cream of Wheat (hot cereals), Clabber Girl (baking), and Green Giant (frozen and canned vegetables, which is being divested). B&G Foods sells primarily through retail grocery channels — Walmart alone accounts for roughly 31% of net sales — with additional exposure to foodservice and a growing private label business. The company was built through acquisitions of over 50 brands since 1996, but current management has shifted toward portfolio simplification, focusing on three core platforms: Spices & Seasonings, Meals (led by Mexican food), and Baking Staples. B&G Foods is actively divesting Green Giant, which requires frozen infrastructure, carries high working capital needs, and is seen as a poor fit for the company's shelf-stable, center-of-store model. Profitability is driven by brand pricing, trade spend management, and raw material costs — particularly agricultural commodities like soybean oil, black pepper, and garlic. B&G Foods carries roughly $2B in net debt, and debt reduction is the dominant capital allocation priority, with divestiture proceeds directed toward paying down the balance sheet ahead of a targeted return to selective M&A.