Ainsworth Pet Nutrition

US-based food and beverage producer JM Smucker has announced an agreement to acquire Ainsworth Pet Nutrition for approximately $1.7 billion. Ainsworth Pet Nutrition is a privately-held company which produces and distributes premium-positioned pet food and pet snacks, including the Rachael Ray Nutrish brand. In addition to the company headquarters in Pennsylvania, the transaction includes two manufacturing facilities and a leased distribution facility. This acquisition reinforces JM Smucker’s position in pet …