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Hulman & Co. Selling Baking Powder Brand To Focus On Racing

IndyCar and Indianapolis Motor Speedway owner Hulman & Co. is selling its baking powder subsidiary Clabber Girl to B&G Foods, a move that it says is designed to increase its focus on motorsports. Hulman has owned Clabber Girl for decades, and the late Tony Hulman used profits from it to buy IMS in '45. However, the company now says it wants to focus fully on growing IndyCar, IMS and its IMS Productions subsidiary. Today's announcement immediately sparked conversation about whether this could be the first step in the Hulman/George family eventually selling its motorsports assets. But Hulman & Co. CEO Mark Miles told THE DAILY via text message that IndyCar and IMS are not for sale.

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