TERRE HAUTE, Ind. (WTWO/WAWV) – Hulman & Firm says all native jobs will stay and the Clabber Lady model is not going to change, following a information convention on the sale of Clabber Lady Company to B & G Meals, Inc.
Clabber Lady employs greater than 180 folks regionally.
Hulman & Firm President & CEO Mark Miles says the sale will enable them to give attention to world-class motorsports competitors and leisure.
“This choice positions us to completely give attention to the continued path and progress of INDYCAR, the Indianapolis Motor Speedway and IMS Productions. It additionally supplies Clabber Lady with a well-prepared proprietor prepared to make use of its huge experience and appreciable sources to speed up the expansion of the latest member of its spectacular portfolio,” says Miles.
Hulman & Firm Board Chairman Anton Hulman “Tony” George says the Hulman-George household takes nice delight in Clabber Lady’s success, historical past and function in Terre Haute.
“Clabber Lady will all the time be a cherished and celebrated a part of our legacy, and we’re excited we have discovered a powerful steward for its very brilliant future,” says George.
B&G Meals, Inc. is a producer, vendor and distributor of shelf-stable and frozen meals throughout North America.
B&G Meals maintains greater than 50 manufacturers and a couple of,500 workers in North America. Manufacturers embrace Ortega, Inexperienced Big, Cream of Wheat, Mrs. Sprint, Again to Nature and others.
Guggenheim Securities, LLC acted as Hulman & Firm’s monetary advisor for this transaction.
A information convention to debate the sale is taking place this morning.
Clabber Lady baking powder has been round greater than 150 years. It sits on the nook of ninth and Wabash in Terre Haute.
Video: Clabber Lady 120 years
Clabber Lady 120 years