B&G Foods Announces Agreement to Acquire Cream of Wheat from Kraft Foods Parsippany, N.J., January 23, 2007—B&G Foods, Inc. (AMEX: BGF), a manufacturer and distributor of high quality, shelf-stable foods, today announced that a newly-formed subsidiary of B&G Foods has entered into an agreement to acquire the Cream of Wheat and Cream of Rice hot cereal brands from Kraft Foods Global, Inc. for approximately $200 miln cash. |