PARSIPPANY, NJ – B&G Foods, Inc., is exiting its processing plant in Portland, Maine, and selling it to the Institute for Digital Engineering and Life Sciences. The manufacturing of B&M, Underwood and other brands will shift to existing B&G Foods plants and third-party co-manufacturers.

The decision to close the Portland manufacturing facility, which is more than 100 years old, is consistent with B&G Foods’ ongoing efforts to improve productivity and reduce overall costs, according to the company. The plant employed approximately 86.

“The Portland community has been the home to B&M for more than a century, and while this was a very difficult decision, we believe it is in the best interest for the future of Portland,” said Casey Keller, president and chief executive officer of B&G Foods.

During the third and fourth quarters of fiscal 2021, B&G Foods expects to record cash and non-cash charges relating to a multi-employer pension…

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