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The company will provide additional information about the decision when it releases its 2025 fiscal year’s fourth quarter results.

B&G Foods intends to use the net proceeds from the sale for the repayment of long-term debt.

The investment will increase efficiency at 30 of the company’s U.S. manufacturing facilities.

In operational terms, the cooperation mainly involves a sales partnership in specifically defined countries and regions.

This acquisition strengthens Valeo Foods Group’s position in the packaged wafers, cakes and biscuits category, complementing its Balconi business in southern Europe and international markets.

The expansion includes enhancements to the bakery facility, which are aimed at improving product consistency, efficiency and baking excellence.

Chomps is also planning a new, 300,000-sq.-ft. manufacturing facility in Mexico, Mo., which is slated to open this year.

The expanded facility, which is located at 12725 4 Mile Road in Franksville, Wis., stands at over 334,000 sq. ft., featuring 32 dock doors and 37,500 pallet positions.

When completed, the plant will have 28 production lines and will be able to produce over 1 billion pounds of dairy products per year.

Trump raised tariffs on China to 125%, but many other countries will have only a 10% tariff in place for those 90 days.