Parsippany, N.J.-based B&G Foods Inc. (NYSE: BGS) said it acquired Brooklyn, N.Y.-based Victoria Fine Foods Holding Co. and Victoria Fine Foods LLC from Detroit, Mich.-based private equity firm Huron Capital Partners and other sellers for $70 million in cash.

Victoria Fine Foods was founded in 1929. The Victoria brand offers a variety of premium pasta and specialty sauces, savory condiments and tasty gourmet spreads. Using traditional cooking methods, Victoria sauces are slow kettle-cooked in small batches to ensure rich flavor and a homemade taste.

“We are delighted to welcome Victoria Fine Foods and the Victoria premium pasta sauce brand to the B&G Foods family,” said Robert C. Cantwell, president and chief executive of B&G Foods. “The Victoria brand complements very well our existing portfolio of brands, including our Don Pepino pizza sauces, Sclafani crushed tomatoes and Emeril’s pasta sauces.”

B&G Foods projects that after it fully integrates the Victoria brand, the brand will generate on an annualized basis net sales of $41 million and adjusted EBITDA of $9 million, and expects the acquisition to be immediately accretive to its earnings per share and free cash flow.

B&G Foods funded the deal with cash on hand and additional revolving loans under its existing credit facility.

B&G Foods manufactures, sells and distributes a diversified portfolio of high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico.

Sawaya Segalas & Co. LLC served as the exclusive financial advisor to Victoria Fine Foods. Perella Weinberg Partners LP served as a financial advisor to B&G Foods.

Huron Capital is an operationally-focused private equity firm. Founded in 1999, the firm has raised over $1.1 billion in capital and invested in over 120 companies.

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