A. by acquiring and investing in on-trend food brands." B&G Foods acquired Pirate Brands in 2013 for approximately $195 million. "…and thanks to the passion, creativity and hard work of our dedicated team of employees, we have more than doubled the value of the business in five short years, creating tremendous value for our shareholders," Mr. Cantwell said. The companies expect the sale to close in the fourth quarter, and it is subject to regulatory approval and closing conditions.