J.M. Smucker Company, a leading American food manufacturer, has announced the sale of its cookie brand, Voortman, to Second Nature Brands for $305 million in an all-cash transaction. This divestiture marks a significant reshaping of Smucker’s business strategy as the company narrows its focus on high-margin segments such as coffee, spreads, and pet foods. The […]
The J.M. Smucker Co. has announced a new addition to the Hostess snack lineup, aiming to transform morning routines with a sweet, shareable delight. The newly launched Hostess HoneyBun Donettes combine the beloved warm cinnamon flavor and sweet vanilla glaze of Hostess HoneyBuns with the soft, fluffy texture of Donettes, creating a unique breakfast treat […]
The J.M. Smucker Co. (NYSE: SJM) announced the signing of a definitive agreement to acquire Hostess Brands, Inc. (NASDAQ: TWNK) for a total enterprise value of approximately $5.6 billion, which includes around $900 million of net debt. The deal is set at $34.25 per share in a cash and stock transaction. Based on estimated full-year […]
Post Holdings, an American consumer packaged goods company, will acquire select pet food brands from The J.M. Smucker (Smuckers) for approximately $1.2 billion in a move to enter the growing pet food category. Under the terms of the agreement, American food and beverage products manufacturer J.M. Smucker will receive $700 million in cash and approximately […]
The J.M. Smucker Co. (Smucker’s) has completed the $50 million sale of its Natural Balance premium pet food business to Nexus Capital Management. The deal was announced in December 2020 and it covers the sale of pet food products sold under the Natural Balance brand alongside some trademarks and licensing agreements and a group of […]
The J.M. Smucker Company (Smucker’s) has issued a voluntary recall of certain lots of 9Lives Protein Plus wet, canned cat food in the US, because of the products possibly containing possible low levels of thiamine (Vitamin B1). The company said that no illnesses connected to the issue have been reported as of now. Smucker’s said […]
Food acquisition news : J.M. Smucker has completed sale of its US baking business for $375 million to subsidiaries of private equity firm Brynwood Partners. The sale of the baking business by the US food processing company was done to focus on the pet food, coffee, and snacking categories. A definitive agreement between J.M. Smucker […]
Food acquisition news : US food manufacturer J.M. Smucker has agreed to offload its US baking business to subsidiaries of private equity firm Brynwood Partners for $375 million. The deal mainly covers products sold across the US retail channels under the Pillsbury, Martha White, Jim Dandy, Hungry Jack and White Lily brands, alongside all relevant […]