Hulman & Co. Sells Clabber Girl

(photo courtesy of Rose-Hulman Institute of Technology)

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Terre Haute-based Hulman & Co. has sold Clabber Girl Corp. to B&G Foods Inc. (NYSE: BGS) in New Jersey. Chief Executive Officer mark Miles says the sale "positions us to fully focus on the continued direction and growth of INDYCAR."

The B&G Foods portfolio involves more than 50 brands including Green Giant, Mrs. Dash, Ortega and Cream of Wheat. The company has about 2,500 employees throughout North America.

"Our core focus is the pursuit of world-class motorsports competition and entertainment," Miles said in a release. "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."

This week, Clabber Girl and Rose-Hulman Institute of Technology announced the company’s historic, long-standing billboard has been restored. The billboard has stood since the 1930s.