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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.