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Food & Hospitality

B&G to acquire Crisco for $550M (access required)

“Crisco is an excellent complement to our existing portfolio of brands, including our Clabber Girl and other baking powder brands," B&G President and Chief Executive Officer Kenneth Romanzi said in a prepared statement. Adding that the deal is consistent with the Parsippany-based company's "longstanding acquisition strategy of targeting well-established brands with defensible market positions and strong cash flow at reasonable purchase price multiples."

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Stockton University in Atlantic City.

Retooling the rebound (access required)

The words – “partner” and “partnership” – remain crucial in Atlantic City as the state and city work in tandem to lure in businesses beyond gambling. Those efforts are evident with Stockton's new, 413-bed dorm in the city’s Chelsea neighborhood, which includes the $230 million “AC Gateway” anchored by SJI headquarters and the university's campus.

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ATLANTIC CITY, NEW JERSEY - SEPTEMBER 8, 2012: The historic Atlantic City boardwalk at twilight. It is the oldest boardwalk in the United States dating from 1870.

Even with indoor dining, casinos rely on online gambling, sports betting (access required)

“There aren’t many industries that have rebounded with such high velocity post-pandemic to record revenue numbers. Online casino and sports betting have seen a meteoric rise over the last eight months,” Vice President of U.S. Business at the Group Max Bichsel said in a statement. “New Jersey is the model for the 45 or so states that haven’t legalized online gaming yet.”

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Dels Village Shopping Center, 115 Hawkins Place, Boonton.

Acme to buy 27 Kings Food Market and Balducci’s for $96.4M (access required)

“Our company has a history of managing small, differentiated chains that offer an elevated experience, like Andronicos and Haggens in the western U.S.," said Mid-Atlantic Division President Jim Perkins in a press release. "When we leverage their team’s expertise and continue to deliver what their customers want, these stores can thrive.”

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