INDYCAR Photo by Joe Skibinski
INDYCAR Photo by Joe Skibinski

IndyCar owners sell company that created Hulman family fortune

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INDIANAPOLIS – Without Clabber Girl Baking Power making the Hulman family of Terre Haute, Indiana, into one of the wealthiest families in Indiana in the late 1800s and throughout the 20th century, there probably wouldn’t be an Indianapolis 500 in existence today.

That is why Wednesday morning’s news that Hulman & Company was selling Clabber Girl to B&G Foods of Parsippany, New Jersey, was important.

The Clabber Girl brand allowed Tony Hulman to purchase the dilapidated and shuttered Indianapolis Motor Speedway from Eddie Rickenbacker in November 1945 and build the Indianapolis 500 into the world’s largest single-day sporting event beginning in 1946.

The Indianapolis Motor Speedway was built in 1909 and began hosting the Indianapolis 500 beginning in 1911. With the exception of skipping a year during World War I, it ran every Memorial Day until World War II shut down the facility from 1942-45.

“The Hulman-George family takes great pride in the Clabber Girl brand’s success, history and critical role in the development and rich cultural fabric of Terre Haute,” Hulman & Company chairman Anton Hulman “Tony” George said. “Clabber Girl will always be a cherished and celebrated part of our legacy, and we’re excited we’ve found a strong steward for its very bright future.”

B&G Foods, Inc. (NYSE: BGS), is a leading manufacturer, seller and distributor of shelf-stable and frozen foods across North America.

“Our core focus is the pursuit of world-class motorsports competition and entertainment,” Hulman & Company president and CEO Mark Miles said. “This decision positions us to fully focus on the continued direction and growth of INDYCAR, the Indianapolis Motor Speedway and IMS Productions. It also provides Clabber Girl with a well-prepared owner ready to use its vast expertise and considerable resources to accelerate the growth of the newest member of its impressive portfolio.”

Like Clabber Girl, B&G Foods has spent more than a century in the food business. The company maintains more than 50 brands and 2,500 employees across North America. This includes Ortega, Green Giant, Cream of Wheat, Mrs. Dash, Back to Nature and many others.

“We are excited to join the B&G Foods family as we add our iconic Clabber Girl brand to its impressive portfolio of brands consumers both recognize and trust,” Clabber Girl president and COO Gary Morris said. “Clabber Girl will benefit from the knowledge and reach B&G Foods will provide as a seasoned food manufacturer and distributor. Together, we will continue to grow this historic business.”

Guggenheim Securities, LLC acted as Hulman & Company’s financial advisor for this transaction.

Todd LeDuc advances two positions in Monster Jam Power Rankings

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Neil Elliott held onto the top spot in the Monster Jam Power Rankings, but he has a new driver sniffing his exhaust as Todd Leduc advanced two positions to second this week.

The Stadium Series Green continues to hold the advantage in the Power Rankings with Elliott topping the chart, Morgan Kane in fourth, and Ryan Anderson eighth, but there is an equitable distribution among the other series throughout the field.

Notably, Leduc and his Monster Energy truck in the Stadium Series Red closed the gap with a 38-point overall victory at US Bank Stadium in Minneapolis, MN. Leduc achieved his win through consistency, pocketing the overall without winning a single individual event. Leduc’s best session was a second-place finish to Mike Vaters II in Overkill Evolution by .001 points.

Meanwhile on the West Coast, Elliott rambled on. Elliott won his sixth skills challenge in seven contests so far. That contributed to his 35 points for the event at PETCO Park in San Diego and allowed him to hold onto the No. 1 slot in the Monster Jam Power Rankings.

Colton Eichelberger also held station. Third last week, he entered the Rocket Mortgage Fieldhouse on a mission in the Triple Threat Series Central. He topped the event points in all four events with timed race wins in each session, ATV race wins in three of the four, three wins in the speedster obstacle course, two freestyle wins and one win in the donut competitions.

MORE: Ryan Anderson and the anatomy of a Monster Jam freestyle run

Morgan Kane and Grave Digger had a rough night. He was ousted from the racing event in Round 2 by Max-D and Elliott. He failed to win either of the other two competitions of the night and ended with 29 points, which was a distant third to Ryan Anderson’s Son-Uva Digger (37) and Max-D (35).

Brandon Vinson moved up to the fifth position with three wins in the Triple Threat Series West. During the weekend he earned seven session wins, including a sweep of the speedster obstacle course and two victories in the two-wheel skills challenge.

Tom Meents debuted on the Monster Jam Power Rankings in 10th by winning the overall in back to back nights of the Stadium Series Yellow. The Saturday show can be seen Feb. 22 at 11:30 p.m. on NBCSN (click here for streaming). The highlight of Meents’ weekend were race wins on Saturday and Sunday, defeating Coty Saucier in a Monster Energy truck on Night 1 and Eric Swanson in Obsessed on Night 2.

Power Rankings

1. Neil Elliott–same
2. Todd LeDuc–up 2
3. Colton Eichelberger-same
4. Morgan Kane–down 2
5. Brandon Vinson–up 1
6. Tyler Menninga–up 1
7. Coty Saucier–down 2
8. Ryan Anderson–same
9. Linsey Read–up 1
10. Tom Meents-new for 2020

Upcoming TV Schedule (All showings on Eastern time on NBCSN)

Oakland: February 22 (Saturday); 11:30 p.m.
Miami: March 1 (Sunday); 12 a.m.
Jacksonville: March 9 (Monday); 6 p.m.
Detroit: March 21 (Saturday); 11 p.m.
Las Vegas: March 28 (Saturday); 7 p.m.
Santa Clara: April 11 (Saturday); 7 p.m.
Philadelphia: April 17 (Friday); 2:30 p.m.
Denver: April 25 (Saturday); 6:30 p.m.
Monster Jam World Finals Racing: May 9 (Saturday); 5 p.m.
Monster Jam World Finals: May 19 (Tuesday); 4 p.m.
Monster Jam World Freestyle: May 20 (Wednesday); 12 a.m.
Monster Jam World Finals: June 20 (Saturday); 2:30 p.m.