Company faced declines in base business from continued center-of-store challenges and competitive activity.

The $155 million deal for Specialty Brands of America represents company's fifth transaction since October 2012.

Michael Sands, co-founder of Rickland Orchards, has been named executive vice-president of snacks.

Company seizing opportunities to capitalize on health and wellness trends.

Company details key advantages in approach to acquisition.

Company adds three new products, including an instant gluten-free offering.

Third-quarter sales from acquired Pirate's Brands, TrueNorth, Old London and New York Style offset weakness in company's base business.

The acquisition of Rickland Orchards is B&G Foods' fourth since October 2012.

Recent acquisitions stock company's snacks portfolio for future growth.

Company sees most opportunity in tier 1 brands such as Ortega and Mrs. Dash.