B&G Foods looks to invest in smaller brands and packages of brands as it expands through mergers and acquisitions, a strategy that sets it apart from larger food companies. "What we're looking for is typically branded food products that have very strong defensible positions, either No. 1 or No. 2 position, in the category they compete in or in some cases niche products that really are very unique when we look at things that are the same as what we have today that obviously offers synergies in terms of infrastructure, sales, distribution and things like that," said CEO David Wenner.

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