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G&G Specialty Foods Inc company history timeline

1822

Underwood's history reaches even further back than B & M's, dating to 1822 when an Englishman named William Underwood started a small condiment business in Boston.

1870

A signature product resulted, as did the Underwood Devil logo, which was trademarked in 1870, the oldest still in use in the United States.

1889

In 1889 they founded B & G to produce pickles and relish, as well as other condiments.

1915

In 1915 she began experimenting with maple sugar with her daughter, home for the summer from Columbia University where she studied Home Economics.

1923

In 1923 Las Palmas was established and began to offer a number of canned Mexican foods and sauces.

1927

Using the traditional New England brick oven method, B & M introduced its Brick Oven Baked Beans in 1927 and soon began advertising on a national basis.

1956

Leonard Polaner joined the family business in 1956 after earning a master's degree from Harvard Business School.

1993

First to go in March 1993 was the Polaner line, sold to American Home Products for $67.5 million.

1996

1996: B & G Foods is formed by investor group; company acquires Bloch & Guggenheimer and Burns & Ricker from Specialty Foods.

1997

Financial results for 1997 indicated that the company was already showing signs of success.

1998

B & G Foods made yet another acquisition in July 1998 when it purchased privately held Maple Grove Farms of Vermont, Inc., makers of maple syrup and salad dressing under the Maple Grove Farm label, private-label maple syrup products, and natural foods under its Up Country Naturals label.

1999

Underwood Company, and the two became part of the Heritage brands that B & G Foods acquired in 1999.

2001

Entering 2001, B & G Food's long-term debt stood at $329.3 million compared with stockholder's equity of just $56.8 million, leaving the company somewhat vulnerable in the foreseeable future.

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