B&G Foods makes foods under brands such as Cream of Wheat, Mrs. Dash and Grandma's Molasses. CEO David Wenner says the acquisition helps it grow its natural snacks business.
Robert's American brands also include Smart Puffs and Original Tings and is owned by VMG Partners, Driven Capital Management, founder Robert Ehrlich and other owners.
The acquisition will be funded by a recent senior notes offering and revolving credit borrowings. It is expected to immediately benefit net income.