Blackstone Group (BX), through its Pinnacle Brands Corp. unit, is expected to buy Birds Eye Foods, the largest frozen-vegetable company in the U.S., for more than $1.3 billion, the Wall Street Journal reported Thursday, citing people familiar with the matter. The report noted that the all-cash deal is likely to be announced as soon as Thursday.
Rochester, New York-based Birds Eye is majority owned by the private-equity firm Vestar Capital Partners. It is also 40% owned by Pro-Fac, a New York agricultural cooperative. Birds Eye has about 1700 full-time employees, and carries about $700 million in long-term debt.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.