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 […]
The J.M. Smucker Co. (Smucker’s) revealed plans to invest $1.1 billion to construct a new manufacturing plant and distribution center in McCalla, Alabama. The facility will be dedicated to produce Smucker’s Uncrustables sandwiches, said the American food and beverages company. Expected to break ground before January 2022, the sandwich producing plant is targeted to begin […]
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 […]
US-based branded foods company B&G Foods has agreed to acquire the Crisco brand of oils and shortening from The J.M. Smucker Co. (Smucker’s) for nearly $550 million in an all-cash deal. As part of the deal, B&G Foods is also acquiring a manufacturing plant and warehouse located in Cincinnati, Ohio. The deal also includes Smucker’s […]
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 […]