TERRE HAUTE — Hulman and Company has sold their famed "Clabber Girl corporation to B&G Foods.
Hulman and Company CEO Mark Miles says the decision allows the company to “fully focus on the continued direction and growth of INDYCAR."
"Our core focus is the pursuit of world-class motorsports competition and entertainment," Hulman & Company President & CEO Mark Miles said. "This decision positions us to fully focus on the continued direction and growth of INDYCAR, the Indianapolis Motor Speedway and IMS Productions. It also provides Clabber Girl with a well-prepared owner ready to use its vast expertise and considerable resources to accelerate the growth of the newest member of its impressive portfolio."
B&G Foods has spent more than a century in the food business and maintains more than 50 brands and 2,500 employees across North America including Ortega, Green Giant, Cream of Wheat and Mrs. Dash.
Hulman & Company Sells Clabber Girl Corporation to B&G Foods, Inc.TERRE HAUTE, Ind., May 15, 2019 - Hulman & Company announced today the sale of Clabber Girl Corporation to B&G Foods, Inc. (NYSE: BGS), a leading manufacturer, seller and distributor of shelf-stable and frozen foods across North America.
"We are excited to join the B&G Foods family as we add our iconic Clabber Girl brand to its impressive portfolio of brands consumers both recognize and trust," Clabber Girl President and COO Gary Morris said. "Clabber Girl will benefit from the knowledge and reach B&G Foods will provide as a seasoned food manufacturer and distributor. Together, we will continue to grow this historic business."