TERRE HAUTE, Ind. (WTWO/WAWV) – Hulman & Company says all local jobs will remain and the Clabber Girl brand will not change, following a news conference on the sale of Clabber Girl Corporation to B & G Foods, Inc.
Clabber Girl employs more than 180 people locally.
Hulman & Company President & CEO Mark Miles says the sale will allow them to focus on world-class motorsports competition and entertainment.
“This decision positions us to fully focus on the continued direction and growth of INDYCAR, the Indianapolis Motor Speedway and IMS Productions. It also provides Clabber Girl with a well-prepared owner ready to use its vast expertise and considerable resources to accelerate the growth of the newest member of its impressive portfolio,” says Miles.
Hulman & Company Board Chairman Anton Hulman “Tony” George says the Hulman-George family takes great pride in Clabber Girl’s success, history and role in Terre Haute.
“Clabber Girl will always be a cherished and celebrated part of our legacy, and we’re excited we’ve found a strong steward for its very bright future,” says George.
B&G Foods, Inc. is a manufacturer, seller and distributor of shelf-stable and frozen foods across North America.
B&G Foods maintains more than 50 brands and 2,500 employees in North America. Brands include Ortega, Green Giant, Cream of Wheat, Mrs. Dash, Back to Nature and others.
Guggenheim Securities, LLC acted as Hulman & Company’s financial advisor for this transaction.
A news conference to discuss the sale is taking place this morning.
Clabber Girl baking powder has been around more than 150 years. It sits on the corner of 9th and Wabash in Terre Haute.